wells_fargo_bank_521395962-02Even the Watchdog Overseeing Wells Fargo Blew It


This is a fortune.com article.


Wells Fargo & Co and its U.S. bank regulator discussed complaints of high-pressure sales tactics as early as 2010 but officials took no action for years, according to the regulator’s review of the scandal.

Bank examiners “failed to follow-up on significant complaint management and sales practices issues,” according to an internal review from the Office of the Comptroller of the Currency which oversees many national banks.

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