Federal agency blames itself for not investigating Wells Fargo sooner

Federal agency blames itself for not investigating Wells Fargo sooner

A federal regulator has criticized its oversight of Wells Fargo’s sales practices, saying it failed to act quickly enough once it learned of problems at the bank. The Office of the Comptroller of the Currency says it knew of issues with sales practices at Wells since at least 2010 – six years before the scandal erupted in September with $185 million in fines from regulators.

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