Unauthorized Wells Fargo Accounts

Wells Fargo Chair and CEO John Stumpf appeared before the House Financial Services Committee apologizing for the sales practices of his… read more

Unauthorized Wells Fargo Accounts Wells Fargo Chair and CEO John Stumpf appeared before the House Financial Services Committee apologizing for the sales practices of his company that involved the creation of an estimated 2 million fraudulent accounts without customers' permission. He provided an update on new actions being taken by his company, including expanding its review of accounts and eliminating product sales goals for retail bank team members. Committee members harshly questioned Mr. Stumpf about the termination of over 5,000 Wells Fargo employees nationwide and repeatedly urged him to resign. Wells Fargo reached a settlement with federal officials in which they agreed to pay $185 million in fines. In addition, Mr. Stumpf had forfeited $41 million in stock awards. close

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Unauthorized Wells Fargo Accounts

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Program ID:
415981-1
Category:
House Committee
Format:
House Committee
Location:
Washington, District of Columbia, United States
First Aired:
Sep 29, 2016 | 9:59am EDT | C-SPAN 1
Last Aired:
Oct 02, 2016 | 1:49pm EDT | C-SPAN 1

Airing Details

  • Sep 29, 2016 | 9:59am EDT | C-SPAN 1
  • Sep 29, 2016 | 10:00am EDT | C-SPAN RADIO
  • Sep 29, 2016 | 2:38pm EDT | C-SPAN 1
  • Sep 29, 2016 | 7:00pm EDT | C-SPAN RADIO
  • Sep 29, 2016 | 8:00pm EDT | C-SPAN 1
  • Sep 29, 2016 | 9:56pm EDT | C-SPAN 1
  • Sep 29, 2016 | 11:00pm EDT | C-SPAN RADIO
  • Sep 30, 2016 | 2:50am EDT | C-SPAN 1
  • Oct 01, 2016 | 1:50pm EDT | C-SPAN RADIO
  • Oct 02, 2016 | 1:49pm EDT | C-SPAN 1
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