Wells Fargo Is Back on Washington Hot Seat After Latest Scandal
- Warren calls on Fed Chair Yellen to remove the bank’s board
- Hensarling says House committee will ‘get to the bottom of it’
Wells Fargo Investors Fret Recent Scandals
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Wells Fargo & Co. is back to being a punching bag on Capitol Hill.
Revelations that the lender may have charged more than 500,000 people for auto insurance they didn’t need has triggered fresh bipartisan scrutiny, with some lawmakers seizing on the latest scandal to renew their calls for the ouster of board members and legislation that would break up the biggest U.S. banks.