We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

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

Law360, New York (January 25, 2018, 7:38 PM EST) -- 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...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.