Wells Fargo CEO Resignation Not Enough By Chairman Steve Chabot (R-OH) CNBC Opinion If Wells Fargo truly considers the resignation of CEO John Stumpf to be a first step towards regaining the trust of America's entrepreneurs, then there are countless more steps they must take to correct the damage their employees did to millions of Americans by creating fraudulent accounts in their names. As chairman of the House Small Business Committee, I have no higher priority than making sure that America's 28 million small businesses are treated fairly an... [...]
WASHINGTON - House Small Business Committee Chairman Steve Chabot (R-OH) made the following statement on the resignation of Wells Fargo CEO John G. Stumpf: “Mr. Stumpf’s resignation is a first step but there are countless more steps Wells Fargo must take to correct the damage their employees did to millions of Americans by creating fraudulent accounts in their names without their permission. The egregious nature of these actions cannot be overstated. The next step should be for Wells Fargo to fully respond to our Committee’s formal request for ... [...]
WASHINGTON —Small Business Committee Chairman Steve Chabot (R-Ohio) today announced that the Committee’s newest Member, Congressman Warren Davidson (R-Ohio) has been named to the Small Business Committee’s Subcommittee on Economic Growth, Tax and Capital Access and the Subcommittee on Investigations, Oversight and Regulations. Chairman Chabot said, “Ohio has one of the most remarkable small business stories in the country, and Congressman Davidson and his family have been a part of that story. I’m proud to have my neighbor from the Eighth Distr... [...]
Small Businesses May Have Been Penalized for Accounts They Never Opened WASHINGTON –Today, House Small Business Committee Chairman Steve Chabot (R-OH) sent letters to Maria Contreras-Sweet, the Administrator of the U.S. Small Business Administration (SBA), and John G. Stumpf, the Chairman and CEO of Wells Fargo, pressing for information about how small businesses may have been harmed by fraudulent accounts created by Wells Fargo employees. Wells Fargo is the single largest participant in SBA’s 7(a) Guarantee Loan Program, including the SBA Exp... [...]
WASHINGTON – Members of the House Small Business Committee have joined together to lead the introduction of a bipartisan House resolution to recognize the Saturday after Thanksgiving, November 26th, as “Small Business Saturday.” “America’s small businesses, entrepreneurs, and innovators need to be assured that we are fighting on their behalf, and that they have a voice in Washington.” Small Business Committee Chairman Steve Chabot (R-OH) said. “Support for America’s small businesses reaches beyond partisan lines and consistently reaches across ... [...]
