Merkley, Franken Call for Criminal Investigation into Actions of Wells Fargo
PORTLAND, OR – Today, at a news conference outside a Wells Fargo branch in Portland, Oregon, U.S. Senators Jeff Merkley (D-OR) and Al Franken (D-MN) announced that they are calling on federal officials to pursue a robust criminal investigation into the actions of the bank and its executives. Last month,
Three Senators Ask SEC to Investigate Wells Fargo
Three Democratic senators asked the Securities and Exchange Commission to investigate whether Wells Fargo & Co. misled investors and violated whistleblower protections while allegedly engaging in illegal sales practices. Sens. Jeff Merkley (D., Ore.), Elizabeth Warren (D., Mass.) and Robert Menendez (D., N.J.) wrote a letter to SEC Chairman Mary
Merkley, Warren, Menendez Urge SEC Investigation of Wells Fargo for Misleading Investors and Violating Whistleblower Protections
WASHINGTON, D.C. – Today, Oregon’s Senator Jeff Merkley and Senators Elizabeth Warren and Bob Menendez formally called on the U.S. Securities and Exchange Commission (SEC) to investigate whether Wells Fargo and senior officials violated laws by misleading investors and firing whistleblowers while the bank oversaw the creation of millions of
Wells Fargo CEO Steps Down from Federal Reserve Panel After Call from Merkley, Wyden
WASHINGTON, D.C. – Oregon’s Senators Jeff Merkley and Ron Wyden today welcomed news that Wells Fargo CEO John Stumpf has stepped down from the Federal Reserve’s Federal Advisory Council. Yesterday, Merkley and Wyden had joined colleagues in calling on the Federal Reserve Bank of San Francisco’s Board of Directors not
Here’s the Thing About That Wells Fargo Testimony
At the end of his thorough roasting in front of the Senate Banking Committee on Tuesday morning, Wells Fargo CEO John Stumpf found himself on the business end of some tough questions from Senator Jeff Merkley, Democrat of Oregon. Merkley cited the accounts given by a number of Wells Fargo employees—the kind of
Merkley Demands Accountability From Wells Fargo CEO at Senate Banking Committee Hearing
Washington, DC—Oregon’s Senator Jeff Merkley today demanded accountability and answers from Wells Fargo at a Senate Banking Committee hearing investigating the recent revelations that the bank had illegally created millions of bank and credit card accounts without customers’ knowledge. Merkley told CEO John Stumpf, “All these people were fired because
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