Wells Fargo Scandal Hurts Wall Street’s Fight Against Pay Rules

September 15, 2016 4:40 PM

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Lobbyists who’ve been bashing away at Washington’s latest effort to regulate Wall Street bonuses may find the Wells Fargo & Co. scandal just grabbed the hammer from their hands.

The lender’s turmoil over fake accounts, fees that shouldn’t have been charged and thousands of firings comes at a bad time. It created an awkward backdrop for House Republicans this week, as some of them hyped a bill that would repeal much of the Dodd-Frank Act. Wells Fargo’s settlement with regula...

Also read: New Wells Fargo CEO to Employees: 'We're Sorry'

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