Unauthorized Wells Fargo Accounts
2016-09-20T20:00:29-04:00https://ximage.c-spanvideo.org/eyJidWNrZXQiOiJwaWN0dXJlcy5jLXNwYW52aWRlby5vcmciLCJrZXkiOiJGaWxlc1wvY2IyXC8yMDE2MDkyMDIwMjE1OTAwMl9oZC5qcGciLCJlZGl0cyI6eyJyZXNpemUiOnsiZml0IjoiY292ZXIiLCJoZWlnaHQiOjUwNn19fQ==Wells Fargo Chair and CEO John Stumpf appeared before the Senate Banking Committee to discuss his company’s settlement with federal officials in which Wells Fargo agreed to pay $185 million in fines over fraudulent accounts opened without customers' permission. Senators questioned Mr. Stumpf about the corporate behavior and practices related to over 2 million unauthorized accounts, and which led to the termination of over 5,000 Wells Fargo employees nationwide. Following Mr. Stumpf, regulators, including Consumer Financial Protection Bureau Director Richard Cordray, answered questions about their investigations into Wells Fargo, and what they recommended to not only address wrongdoing within that company, but prevent future abusive practices across the financial services industry.
Wells Fargo Chair and CEO John Stumpf appeared before the Senate Banking Committee to discuss his company’s settlement with federal… read more
Wells Fargo Chair and CEO John Stumpf appeared before the Senate Banking Committee to discuss his company’s settlement with federal officials in which Wells Fargo agreed to pay $185 million in fines over fraudulent accounts opened without customers' permission. Senators questioned Mr. Stumpf about the corporate behavior and practices related to over 2 million unauthorized accounts, and which led to the termination of over 5,000 Wells Fargo employees nationwide. Following Mr. Stumpf, regulators, including Consumer Financial Protection Bureau Director Richard Cordray, answered questions about their investigations into Wells Fargo, and what they recommended to not only address wrongdoing within that company, but prevent future abusive practices across the financial services industry. close
Points of Interest
For quick viewing, C-SPAN provides Points of Interest markers for some events.
Click the play button and tap the screen to see the at the bottom of the player. Tap the to see a complete list of all Points of Interest - click on any moment in the list and the video will play.
Points of Interest
For quick viewing, C-SPAN provides Points of Interest markers for some events.
Click the play button and move your cursor over the video to see the . Click on the marker to see the description and watch.
You can also click the in the lower left of the video player to see a complete list of all Points of Interest from this program - click on any moment in the list and the video will play.
People in this video
Hosting Organization
Purchase a Download
Unauthorized Wells Fargo Accounts
-
MP4 video - Standard
- Price:
- $9.99 or Free with MyC‑SPAN
-
MP3 audio - Standard
- Price:
- $0.99
Featured Clips from This Video
-
Senator Elizabeth Warren Calls on Wells Fargo CEO John Stumpf to Resign
Senator Elizabeth Warren (D-MA) calls on Wells Fargo CEO John Stumpf to resign and give back his earnings following…
- 9 minutes
- 76,769 views
Related Video
-
SEC Nominee Confirmation Hearing
The Senate Banking, Housing, and Urban Affairs Committee held a confirmation hearing for Securities and Exchange…
-
Fiscal Policy
Treasury Secretary Steven Mnuchin provided a domestic fiscal policy update. He stressed that housing finance reform was a…
-
Securities and Exchange Commission Oversight Hearing
Securities and Exchange Commission Chair Jay Clayton testified before the Senate Banking Committee on his agency’s priorities and…
-
Wells Fargo Unauthorized Accounts
Wells Fargo CEO Timothy Sloan testified at a hearing on the bank’s business practices. Wells Fargo had faced scrutiny since 2016…
User Created Clips from This Video
-
- 9 minutes
- 76,769 views
-
- 2 minutes
- 5,964 views
-
- 9 minutes
- 541 views
-
- 2 minutes
- 462 views