WASHINGTON (AP) – Hillary Clinton is telling Wells Fargo customers she will work to protect them, in the wake of allegations that bank employees opened millions of unauthorized accounts to meet aggressive sales targets.
Clinton writes that she was “deeply disturbed” by the allegations.
She says that while the country’s economy relies on a strong and safe banking system, “the culture of misconduct and recklessness” that preceded the 2008 financial crisis “too often persists.”
Clinton is pledging to “defend the Consumer Financial Protection Bureau,” to offer “real consequences” for Wall Street firms that break the law and to make sure no financial institution is “too big to manage.”
Wells Fargo CEO John Stumpf will appear before Congress Tuesday.