February 20, 2018

Los Angeles Times: Sen. Elizabeth Warren presses Wells Fargo on problems with consumer refunds

Sen. Elizabeth Warren is pressing Wells Fargo & Co. to explain reported problems in issuing refunds to customers for who were charged inappropriately for auto insurance and mortgage fees.

In a sharply worded letter to Chief Executive Tim Sloan, Warren called the problems "unacceptable."

"Wells Fargo has stolen money from its customers," wrote the Massachusetts Democrat, who has been an outspoken critic of the San Francisco bank's practices since its unauthorized-accounts scandal exploded in 2016.

Read the full article on the Los Angeles Times' website here.

By:  Jim Puzzanghera
Source: Los Angeles Times