Warren Pushes Fed to Reject Wells Fargo's Effort to Lift Growth Restriction
November 20, 2024
November 20, 2024
WASHINGTON, Nov. 20 -- Sen. Elizabeth Warren, D-Massachusetts, issued the following news release:
Senator Elizabeth Warren (D-Mass.) wrote to Federal Reserve Chair Jerome Powell and Vice Chair Michael Barr, demanding that the Fed reject Wells Fargo's petition to lift its asset cap. Wells Fargo's recent appeal came days after an enforcement action from the Office of the Comptroller of the Currency (OCC), and two months after a federal judge allowed a class action lawsuit to proceed a . . .
Senator Elizabeth Warren (D-Mass.) wrote to Federal Reserve Chair Jerome Powell and Vice Chair Michael Barr, demanding that the Fed reject Wells Fargo's petition to lift its asset cap. Wells Fargo's recent appeal came days after an enforcement action from the Office of the Comptroller of the Currency (OCC), and two months after a federal judge allowed a class action lawsuit to proceed a . . .