Former Wells Fargo Chairman and CEO John Stumpf and several other former senior executives have been charged by the Office of the Comptroller of the Currency (OCC) for their roles in facilitating the company’s high-profile sales practices misconduct which resulted in record fines and restitution for harmed consumers.
Although Stumpf is the most high-profile former executive named in this round of OCC action involving Wells Fargo, the company’s former community banking head, Carrie Tolstedt, received the steepest punishment.
Get more details about the settlement terms for each former executive.