“These small businesses played no role in the misdeeds committed by the Bank,” Porter, who serves on the House of Representatives Financial Services Committee, said in the letter to Wells Fargo Chief Executive Charlie Scharf. Asking for a rebate and linking it to higher costs due to regulatory backlash goes against the intent of regulator actions, Porter said. Porter requested that Wells Fargo refund the rebates by Jan. 30. …read more
Source:: Yahoo Finance
