( ) -q-28- UNDATED (Correspondent Jeremy House) “protection for whistleblowers.” The Biden administration is easing its restrictions on banking giant Wells Fargo. [CutID: <Cuts> WELLS-FARGO-RESTRICTIONS-house-q-FRIam.mp3 Time: 28s Title: WELLS-FARGO-RESTRICTIONS-house-q-FRIam Out-cue: protection from whistleblowers] TAG: Correspondent Jeremy House reporting. ——————————– VERBATIM: White House officials say the bank has sufficiently fixed its toxic culture after years of […]
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US eases restrictions on Wells Fargo after years of strict oversight following scandal
( ) -q-28- UNDATED (Correspondent Jeremy House) “protection for whistleblowers.”
The Biden administration is easing its restrictions on banking giant Wells Fargo.
[CutID: <Cuts> WELLS-FARGO-RESTRICTIONS-house-q-FRIam.mp3
Time: 28s
Title: WELLS-FARGO-RESTRICTIONS-house-q-FRIam
Out-cue: protection from whistleblowers]
TAG: Correspondent Jeremy House reporting.
——————————–
VERBATIM: White House officials say the bank has sufficiently fixed its toxic culture after years of scandals. Investors speculate that the bank, which had been under a tight leash for by regulators for years, may be able to start growing again. The Office of the Comptroller of the Currency terminated a consent order that required the bank to completely overhaul how it sold financial products to customers and provide additional consumer protections as well as employee protections for whistleblowers.