Comentr

There's always a wrong answer
Wells Fargo Board Gets Makeover Amid Continuing Scandals

Wells Fargo Board Gets Makeover Amid Continuing Scandals

7 years ago
Anonymous $Gu9VYqcl-R

https://consumerist.com/2017/08/16/wells-fargo-board-gets-makeover-amid-continuing-scandals/

Months after lawmakers urged the Federal Reserve to oust the 12 Wells Fargo board members who served during the bank’s fake account fiasco, the banking giant has taken it upon itself to revamp some board seats. Next year, Chairman Stephen Sanger will step down and two other members will retire.

Wells Fargo’s “range of Board refreshment actions,” announced Tuesday, come amid increased scrutiny for the bank, which has recently been linked to a number of scandals involving pushing customers into unneeded and unwanted auto insurance and overcharging small businesses to process credit card transactions.