No Wells Fargo-Style Sales Practices At Other Banks: OCC

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No Wells Fargo-Style Sales Practices At Other Banks: OCC

No Wells Fargo-Style Sales Practices At Other Banks: OCC

Law 360-

A review conducted by the Office of the Comptroller of the Currency in the wake of the Wells Fargo & Co. fake account scandal has so far not found similar problems at other large banks, the new chief of the national bank regulator said last week in a letter to Senate Democrats.

Comptroller Joseph Otting said in the letter that the “horizontal review” that the OCC had undertaken to determine whether other large banks had in place sales practices and incentives that led employees to create…

[LAW 360]

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