Wells Fargo CEO Testifies Before Senate In Secret-Accounts Scandal
Wells Fargo CEO John Stumpf appeared before the Senate Banking Committee on Tuesday to answer questions about the bank's sales tactics. Bank employees opened as many as 2 million unauthorized accounts in order to meet sales goals and collect bonuses. Wells Fargo agreed to pay a $185 million fine to the Consumer Financial Protection Bureau, but did not acknowledge any wrongdoing. Now the Justice Department is reportedly conducting its own investigation.
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