financialservices.house.gov

Rep Cmte Financial Services
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ICYMI: Hensarling Discusses Wells-Fargo

"We are going to get to the bottom of this"


Washington, Sep 20 -


“We are going to get to the bottom of this, because potentially millions of customers have been ripped off by Wells-Fargo and they’ve also, in many respects, been ripped off by their government… How does this go on so long? Why does it take the L.A. Times to break this story, when we’re paying federal investigators to investigate?"





“It is beyond belief that this could go on and somebody up the food chain didn’t know about it. It went on for years. We are talking about 2 million improper accounts. We are talking about thousands of fired employees…”

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“The customers of Wells-Fargo deserve justice and we need accountability for the government agencies that are in charge of enforcing the law… Where was the CFPB? Why did they come in so late to the game? They have immense powers and this is their job to enforce these basic consumer laws and it appears they were asleep at the switch."

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"This was basic theft. This was basic fraud. Why did this take so long to come to light?"