Press Releases
Chairman Chabot Statement on Wells Fargo CEO ResignationWASHINGTON - 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 detailed information about how this scandal impacted their small business customers.” BACKGROUND: Earlier this month, Chairman Chabot sent letters to Wells Fargo and the Small Business Administration (SBA) requesting detailed information about the scandal’s impact on small businesses. You can read the Chairman’s letters HERE. |