News

Committee for Better Banks

For Immediate Release: March 10, 2020

Media Contact: [email protected], 603-339-0042

Committee for Better Banks Responds to Wells Fargo CEO Charles Scharf’s Promise to ‘Absolutely Work on a Bill of Rights’

KILIAN COLIN, Fmr. Wells Employee: A bank workers’ bill of rights would help Wells Fargo turn the page on its systemic malfeasance of the past

Committee for Better Banks

For Immediate Release: March 9, 2020

Media Contact: [email protected], 603-339-0042

Committee for Better Banks: Wells Fargo Resignations Not Enough to Turn the Page on Scandal, Systemic Problems

CBB calls on last two pre-2016 board directors, John D. Baker II and Donald M. James, to resign

Committee for Better Banks

For Immediate Release: March 3, 2020

Media Contact: [email protected], 603-339-0042

Committee for Better Banks: CFPB SCOTUS Case Puts Consumer, Workers Rights at Risk

NATIONWIDE — Ahead of today’s oral arguments on the constitutionality of the Consumer Financial Protection Bureau’s leadership structure to be heard in front of the U.S. Supreme Court, Erin Mahoney, lead organizer at Committee for Better Banks, said:

Committee for Better Banks

Contact: Tian Weinberg, [email protected], 646-701-4356 

Zoe PiSierra, [email protected], 646-339-0042

Committee for Better Banks: $3 Billion Wells Fargo Settlement Does Not Change Corrupt Culture at Heart of Scandal

Calls on CEO to meet with front-line bank workers who exposed the scandal 

Committee for Better Banks

For Immediate Release: February 21, 2020

Media Contact: Zoe PiSierra, [email protected], 603-339-0042

Compliance Week - Lori Tripoli - 1/24/20

The Office of the Comptroller of the Currency (OCC) banned former Wells Fargo Bank CEO John Stumpf from participating in the banking industry Thursday.

In settling with the OCC, Stumpf also agreed to pay a $17.5 million civil penalty to resolve longstanding problems during his tenure at the bank. Stumpf reached his deal with the OCC without admitting any wrongdoing.

Bloomberg - Anders Melin - 1/23/20

John Stumpf left Wells Fargo & Co. with his image in tatters, lost more than $70 million through forfeitures and a clawback, and now faces a government fine and a lifetime ban from the financial industry.

But that won’t upend his nest egg.

CBS News - 1/23/20

Federal regulators are fining former Wells Fargo CEO John Stumpf $17.5 million and banning him from the banking industry for life for his role in a scandal in which company employees opened millions of fake accounts without customers' consent.