Under Senate fire, Wells Fargo CEO promises to make customers whole

September 20, 2016 4:06 PM

1 0

Wells Fargo & Co's chief executive officer told a Senate panel on Tuesday that customers who had bogus accounts opened in their name will be made whole and compensated for any damage to their credit rating, but some Democratic senators called for his resignation.

Under fire, CEO John Stumpf told the Senate Banking Committee he has told his managers to do "whatever it takes" to make customers whole, refunding fees or compensating them for damage to their credit ratings.

Also read: Illinois Senator Draws Fire for Racially-Charged Attack on Opponent's Family

Read more

To category page