Good afternoon, and thank you everyone for joining us here today. I am london breed. I am the mayor of San Francisco. I am joined by the president of the board of supervisors, norman yee along with other members of the board of supervisors. The director of the department of Public Health, our police chief, bill scott, and the department of Emergency Management director mary ellen care ron. I want to thank everyone for joining us today. As you know. The city has been working to prepare for what we know would be a significant Public Health challenge here in the city, and we are seeing it play it out all over the bay area and all over the world. As the city prepared its response, we explained to the public we would be year every step of the way what the challenges are and the steps we need to take to protect Public Health. Some of the challenges we have, of course, faced from an economic standpoint as well. Every step of the way i want be to thank not only members of puckly for your under
noise the committee will come to order. Without objection, the chair is authorized to declare recess of the committee at any time. This hearing is entitled Holding Wells Fargo Accountable and ceo perspectives for the bank that broke americas trust. I now recognize myself for five minutes with an Opening Statement. Today, wells far go ceo, charles scharf, will testify before the committee about how he plans to end wells fargo egregious battle of abuse. Hes the third wells fargo ceo to testify before this committee and less than three and a half years. I will note that each time wells fargo ceo testified before this committee, he has resigned soon thereafter. Mr. Charles scharf, you have taken on a massive challenge and while i certainly wish you luck, it is clear to this committee that the bank you inherited is essentially a flawless organization that has caused widespread harm to millions of consumers around the nation. Wells fargo has opened 3. 5 million fraudulent accounts with their
noise the committee will come to order. Without objection, the chair is authorized to declare recess of the committee at any time. This hearing is entitled Holding Wells Fargo Accountable and ceo perspectives for the bank that broke americas trust. I now recognize myself for five minutes with an Opening Statement. Today, wells far go ceo, charles scharf, will testify before the committee about how he plans to end wells fargo egregious battle of abuse. Hes the third wells fargo ceo to testify before this committee and less than three and a half years. I will note that each time wells fargo ceo testified before this committee, he has resigned soon thereafter. Mr. Charles scharf, you have taken on a massive challenge and while i certainly wish you luck, it is clear to this committee that the bank you inherited is essentially a flawless organization that has caused widespread harm to millions of consumers around the nation. Wells fargo has opened 3. 5 million fraudulent accounts with their
Haney, and supervisor aaron peskin will be joining us shortly, as well as supervisor sandra lee fewer. Thank you to this committees clerk, john carroll, and id like to thank sfgovtv. Mr. Clerk, do you have any announcements . Clerk yes. Please silence your cell phones and electronic devices. Completed speaker cards and copies of any documents should be provided to the clerk. Items acted on today will appear on the march 10 board of supervisors agenda. [agenda item read]. Chair mar supervisor fewer, thank you for joining us this morning as the sponsor of this hearing. The floor is yours. Supervisor fewer thank you, committee. I call this hearing today after discussions with ifpte local 21 because i am concerned about the use of Civil Service exclusions and the impact it has on our Civil Service industry. I realize that discussions have been ongoing between the department of Public Health and local 21 regarding a process of conversion for these positions since the last hearing that we ca
[inaudible conversations] [inaudible conversations] [inaudible conversations] the committee will come to order. The gentleman from illinois mr. Foster is recognized for five minutes. Thank you, madam chairman. Mr. Scharf, iraq with the concerns my colleagues on this committee about the extensive shortcomings of west fargo over a number of years past and do hope you are as committed and as successful in turning your dash as you stated in your testimony. Id like to bring up the issue of dreamers. This is ang issue that hits cle to home. Last summer a dreamer from illinois filed suit because he was wrongfully denied an auto loan because of his daca status. I was glad to see some of the changes that wells fargo has decided to implement recently including its plan to provide Daca Recipients with credit products, education loans and mortgages. I cannot emphasize enough how important this commitment is and hope you worked work diligentlo implement this new policy. Because this release is one