Since Wells Fargo’s fake account fiasco came to light in Sept. 2016, the top executive at the bank has “retired,” other executives have departed, and many have lost bonuses. Despite this, there are many holdovers from the years when employees opened millions of unauthorized accounts. To this end, Massachusetts Senator Elizabeth Warren is calling for the ouster of 12 Wells Fargo board members. [More]
Use Your Power
58 Senators Urge CFPB To Create Rules Against Forced Arbitration Clauses In Financial Products
By 5.21.15
A month after legislation was introduced to eliminate mandatory arbitration clauses in employment, consumer, civil rights and antitrust cases, a coalition of 58 lawmakers and several consumer advocate groups are urging the Consumer Financial Protection Bureau to take things a step further by protecting consumers from forced arbitration clauses in financial services contracts. [More]
