Its important for me to finish. I would love for the record to have a better understanding of the culture of checks and balances that were not there that would help customers have confidence and you become a model for doing it right. Thank you. You open an account i apologize for going over my time for a minute or so, you have an account, i hope to keep them there if i didnt sign for it, it is fraudulent. I like the simple definition. Open an account in my name. There are fees attached to some of the accounts. They are not paid because we are ignorant of those accounts. At some point its related to a Credit Agency because i didnt patheydidnt pay the fees becaui didnt know about it because i didnt open the account. So when it creates a negative impact on the credit statement it translates into high gear Interest Rates were said differently, a different way of exacting resources out of my limited pocket especially for folks working paycheck to paycheck throughout south carolina. So when
Senate Banking Committee cherish charred shelby. The committee will come to order. Today, well learn more about the events and the circumstances, that led to the enforcement action against wells fargo by the City Attorney, and the occ and the c. F. Pb. But first today, well receive testify from john stumpf, hes the c. E. O. And chairman, who is was us. Welcome. We will then here from the Los Angeles Deputy cheer whose office was the first for commence the action and finally from the occ and. C. F. Pb. We look forward to hearing from both panels because much remains unclear about what transpired at wells fargo and the regulators response. It appears that wells fargos own analysis concluded that think seanlsd of its employ piece opened more than 2 million account thats may not have been author raised. Subsequent licks wells fargo terminated 5,300 employees and has agreed to pay 185 until fines, and 5 million in customer remediation. Sales dated take show they have been an Industry Leader
jake tapper. it s friday. we start with our world lead and president biden today drawing on the legacy of world war ii hero, he calls for americans to protect democracy. the president returned to normandy, france and visited pointe du hoc. were us army rangers scaled 100 foot cliffs to attack nazi positions on d-day during his speech, president biden suggested those veterans would want their country to defend democracies all around them and at home from occ began to leisure us, began with one person decides to something more important themselves when they decide the person they re serving alongside of some of the look after when they decide the mission matters more than their life the decide that they re contrary matters more than they do now, present biden did not mention donald trump by name, but he made veiled references to trump s isolation as policies and his make america great. again, campaign slogan for his part, donald
wasn t just regular people. there were celebrities, there were actresses r pe was involved in this, too. this is something i need to be really clear when i do this ha a like this is that, yes, it wast obviously a cult was trafficking going on, but that was for like 3% of this group. s 3 percthe rest of the people h in this community that were working on themselves and thei n goals and trying to be better people and execute certain projects in the world. eple and using the goals prograa part of that part of the the c curriculumur to, move things forward. but yeah, it was people from all walks of life, including many celebrities in l.a. and athletes and presidential families. and the dalai lama endorsed us at that time.. you just heard eric swalwell accuse trump supportersin of being in a cult. does that ring true to you occ ? well, this is what i wanted to say to you, jesse and i. first of all, i m loving your book, and i am recognizing so many the cult, the aspects of all of beliefs,