Exclusive: Wells Fargo account scandal extends to small business - U.S. senator

Exclusive: Wells Fargo account scandal extends to small business - U.S. senator
 

Wells Fargo & Co's account scandal is not limited to its consumer banking sector, U.S. Senator David Vitter told the bank's chief executive in a letter.
Thousands of small business owners were also impacted by Wells Fargo's practices, wrote Vitter, a Republican from Louisiana, in a letter dated Sept. 29 to Wells Fargo chief executive John Stumpf and seen by Reuters.
Vitter demanded a "full accounting" of small business owners affected by "fraudulent activity." Around 10,000 small business accounts were affected by improper Wells practices, people familiar with the... read more

 
4 October 2016 in Business, Views: 44
Source: Reuters
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