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Dennis Beverly
Dennis Beverly
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National News

 

 

WASHINGTON (AP) — The Wells Fargo CEO is promising action to assist any customers who were hurt by having accounts opened without their permission to meet sales quotas.

 

John Stumpf told the Senate Banking Committee on Tuesday the bank will contact all deposit customers in the U.S., including those who already had fees refunded, to invite them to review their accounts with their banker.

 

Regulators fined San Francisco-based Wells Fargo $185 million earlier this month. Some 5,300 Wells Fargo employees have been fired and the bank has said it will end all product sales targets for all retail banking employees.

 

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