Warren Seeks Labor Department Probe Over Wells Fargo Tactics
- Lawmakers question whether workers were denied overtime pay
- At least three lawsuits have alleged Fair Labor violations
Lawmakers Demand Accountability From Stumpf
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Democratic lawmakers want to add the U.S. Labor Department to the list of regulators scrutinizing Wells Fargo & Co. over its fake-account scandal.
A group of senators led by Elizabeth Warren asked the agency in a letter dated Sept. 22 to investigate whether the bank violated labor laws by denying fair compensation to employees who were under pressure to meet aggressive sales quotas. The lawmakers want regulators to look into whether the bank failed to pay overtime to workers and said that the probe should take place ahead of a December deadline for new overtime rules.