Sunday, May 23, 2021

Rep. Katie Porter vs. Wells Fargo CEO Charles Scharf | NowThis



Rep. Katie Porter slammed Wells Fargo for robbing its customers by comparing the company to Neil Patrick Harris in ‘Harold and Kumar.’



Rep. Porter grills Wells Fargo CEO on bank tellers relying on public assistance to make ends meet

Did you know that 1/3 of bank tellers rely on public assistance to make ends meet? Meanwhile, Wells Fargo made $20 billion in profit last year. Congresswoman Katie Porter asked CEO Charlie Scharf if he thought it was proper for taxpayer dollars to go toward shoring up his bank's underpayment of tellers. He didn't have many answers. He apparently wasn't even sure that Wells Fargo is profitable; he only said he "believes" it is!

Rep. Porter questions Wells Fargo board members about fellow directors' past scandals

These 2 Wells Fargo board members resigned before coming to a House hearing today, but the remaining members have no business taking over the helm. Congresswoman Katie Porter asked them a simple question for these outgoing directors: is presiding over major scandals a qualification to be on the Wells Fargo board?

 

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