Press Release

McHenry Holds Wells Fargo Accountable

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Washington, March 13, 2019 | comments
Yesterday, the House Financial Services Committee held a hearing to receive testimony from Wells Fargo CEO, Tim Sloan. In his opening statement Congressman Patrick McHenry (NC-10), the Ranking Republican of the House Financial Services Committee, examined Wells Fargo’s failings and gross mismanagement, especially as it compared to North Carolina banks acquired by Wells Fargo, First Union and Wachovia. Click here or on the image below to watch McHenry's opening statement:

He also questioned Mr. Sloane on the importance of addressing those failings, including what is being done to change the culture of Wells Fargo so that the bank’s customers in western North Carolina can trust their own bank again. Click here or on the image below to watch:

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