Crime and misconduct

Sens. Warren, Brown call on regulators to oust Wells Fargo CEO Sloan

03/22/19

The Democrats are asking the OCC and the CFPB to use their authority to remove Tim Sloan, who became CEO in 2016.

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Fed chief hints Wells Fargo's regulatory issues are far from over

03/20/19

Speaking at a press conference, Federal Reserve Chairman Jerome Powell said the bank’s risk management failures have required a dramatic overhaul of its processes.

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California seeks to revoke auto title lender's license

03/19/19

The state's financial regulator says Fast Money Loan charged consumers interest rates and fees above the state's usury cap, and operated unlicensed storefronts.

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What's behind OCC’s public rebuke of Wells Fargo?

03/15/19

Federal regulators normally hesitate even to name specific institutions, but the Office of the Comptroller of the Currency appears to be taking a different tack with Wells.

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Banks have even less room for error with bad behavior

03/15/19

With regulators and policymakers studying their every move, financial institutions need to put more focus on preventing mistakes in the first place.

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Wells Fargo's Sloan 'should be shown the door': Waters

03/14/19

House Financial Services Committee Chairwoman Maxine Waters said the CEO's 2018 bonus was "outrageous and wholly inappropriate" and called for his removal.

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Customer-facing employees need to be held accountable in AML fight

03/14/19

With heightened scrutiny from regulators and the public for wrongdoing, financial institutions need to put more focus on preventing mistakes in the first place.

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Sloan on the defensive (again) about Wells Fargo’s sales tactics

03/12/19

In a tense back and forth with lawmakers, the embattled CEO pushed back on claims that the bank still pressures employees to hit sales targets and retaliates against those who speak up.

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Sloan says Wells Fargo has cleaned up its act. Congress begs to differ

03/12/19

More than two years after Wells Fargo's consumer scandals first came to light, the congressional backlash facing the bank is bipartisan and just as fierce.

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Three big questions as Wells Fargo’s CEO heads to Capitol Hill

03/11/19

How well Tim Sloan fares before the House Financial Services Committee will hinge largely on his ability to stay on message in the face of what is expected to be sharp criticism from Democratic lawmakers.

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