Wells Fargo sales abuses face prospect of sanctions
Staff at Office of the Comptroller of the Currency 'have recommended enforcement action'
Wed, Oct 04, 2017 - 5:50 AM
The potential for further sanctions comes as Wells Fargo CEO Tim Sloan was set to appear before the Senate Banking Committee on Tuesday to answer questions about a scandal over its sales practices.
THE main regulator for Wells Fargo & Co is considering whether to sanction the US bank over improperly charging customers for car insurance and mortgage loans, according to a source familiar with the matter.
The Office of the Comptroller of the Currency (OCC) has for...