Wells headed to House; Hill 'shocked' by events

Published reports Friday say the House Financial Services Committee expects to hold a hearing this month to examine actions taken by Wells Fargo that led to an enforcement settlement with regulators last week.

One member of the committee told Dodd Frank Update he was taken aback by the events and was looking forward to learning more.

“I was shocked and dismayed by the news,” Rep. French Hill (R-Ark.) told Dodd Frank Update in an exclusive interview. Read on for more details of the hearing and Hill's view of the case.