'Simply doesn't cut it': Elizabeth Warren slams Wells Fargo's board changes (WFC)
Wells Fargo's effort to turn the page on consumer fraud scandals is falling short.That's according to Massachusetts senator Elizabeth Warren, who has requested the Federal Reserve remove the bank’s board members who served between May 2011 and July 2015 in response to a series of vast consumer fraud scandals.
The bank, already in hot water for creating millions of unauthorized accounts, recently admitted to also selling auto insurance without customers’ knowledge.
Read more »