He denied Wells has or had sales quotas.
“We have sales goals,” Stumpf said.
Illinois Democratic Rep. Bill Foster said the Wells Fargo fraud should be a case study of corporate mismanagement in every business school in the country.
At this hearing and at another held in the Senate Banking Committee last week, congressional Republicans have been more unified in outrage with Democrats over the Wells Fargo fraud than they ever were on the Wall Street misdeeds that helped precipitate the financial crisis.