Wells Fargo CEO faces furious Congress
Wells Fargo CEO John Stumpf appeared before Congress on Thursday, for the second time since news broke that his bank opened up 2 million fake accounts without informing its customers. Stumpf faced the Senate Banking Committee last week, where he incurred the wrath of Sen. Elizabeth Warren (D-Mass.), who demanded he resign.
At Thursday's hearing before the House Financial Services Committee, Stumpf continued to face outrage from Democrats and Republicans alike, with Rep. Gregory Meeks (D-N.Y.) accusing Stumpf of running "a criminal enterprise":
Stumpf stressed he would cooperate with lawmakers: "I am fully accountable for all unethical sales practices in our retail banking business, and I am fully committed to fixing this issue," he said. "We will not stop working until we get this right."
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