October 3, 2017

House Committee on Financial Services Issues Report on “Wells Fargo’s Egregious Consumer Abuses”


“The Case for Holding Megabanks Accountable” Presented to Congress on September 29, 2017 The Democratic Staff of the House Committee on Financial Services has issued a report to Congress entitled “The Case for Holding Megabanks Accountable: An Examination of Wells Fargo’s Egregious Consumer Abuses.” Presented by the Honorable Maxine Waters, Ranking Member, to the 115th…

Read More
August 30, 2017

LA Times Calls for Gov’t to Stop the Next Wells Fargo Scandal Before it Happens

Bank building

The Los Angeles Times has published an opinion piece alleging that the “biggest criminal enterprise in California” is not a street gang or drug cartel, but “in terms of sheer volume of offenses,” none other than Wells Fargo Bank. With fraud and other actionable behavior ranging from creating costly false accounts for millions of customers…

Read More
April 7, 2017

Minneapolis Federal Reserve President Challenges JPMorgan’s Complaints About Regulatory Burdens

Big Banks

In an unusual move, the President of the Minneapolis Federal Reserve Bank has publicly criticized JP Morgan CEO Jamie Dimon for comments Dimon made regarding banking regulation. Minneapolis Federal Reserve President Neel Kashkari offered the criticism of JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon over what Kashkari feels are unrealistic views on core…

Read More