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U.S. regulator knocks its own handling of Wells Fargo sales scandal

Reuters  |  WASHINGTON 

By Patrick Rucker and Pete SchroederWASHINGTON (Reuters) - Wells Fargo & Co and its U.S. bank regulator discussed complaints of high-pressure sales tactics as early as 2010 but officials took no action for years, according to the regulator's review of the scandal.Bank examiners "failed to follow-up on significant complaint management and sales practices issues," according to an internal review from the Office of the Comptroller of the Currency which oversees many national banks.The report released on Wednesday ended a seven-month evaluation of how the OCC failed to halt a scandal in which ...

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First Published: Thu, April 20 2017. 00:31 IST