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Wells Fargo betrayed the public’s trust and took advantage of customers in order to meet sales performance goals and fraudulently improve earnings and share prices.
Although it has recently made numerous corporate changes and has been fined millions of dollars, there is still more to be done to be certain that consumers are protected and can have faith they are placing their money in a trustworthy institution.
Sounds similar to the scandal we all know as #Fanniegate. Its been said this could be the largest $$ theft in history. Are you & your colleagues going to standup for the shareholders of these two shareholder owned companies @FannieMae & @FreddieMac? Inquiring minds want to know.
If only there were some government agency that could look out for this kind of abuse, someone, in your words to make "sure consumers are protected from corporate malfeasance."
That's right, there is one set up for exactly that! But again, in your words 'It is time Congress reigns in the unconstitutional power of the CFPB" like you tweeted just three days ago.
Maybe someone who can be a "strong partner in our ongoing work to protect consumers from the regulatory overreach that has deprived them of necessary choices & access to financial products." Nice try though Congresswoman.
Wagner works overtime to neuter the Consumer Financial Protection Bureau, an agency that protects consumers from predatory practices by large financial institutions. But she gets enormous amounts of money from Edward Jones, and it appears she will do anything they say.
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