An expanded third-party review of Wells Fargo’s retail banking accounts revealed that the company may be responsible for creating approximately 4 million unauthorized accounts, dating back to 2009.
The revelation that the company may have opened roughly 1.4 million more unauthorized accounts than previously discovered, as well as more than 500,000 potentially fraudulent online bill pay accounts, has elicited strong reaction in Congress.
Find out what the company is doing in response to the investigation findings and what Financial Services Committee Chairman Jeb Hensarling and Ranking Member Maxine Waters had to say about the latest news from the embattled bank.