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Feds Review Wells Fargo Labor Practices

U.S. Department of Labor opens Wells Fargo investigation.

By Peter Strozniak | Updated on September 29, 2016

As Wells Fargo CEO John G. Stumpf was being grilled with questions and criticisms by the U.S. House Financial Services Committee in Wash. D.C., Thursday, a top-to-bottom review of cases, complaints and violations over the bank’s employment practices is under way at the U.S. Department of Labor.

The review was triggered by a Sept. 22nd letter signed by seven U.S. Senators who asked the DOL to launch an investigation into whether Wells Fargo violated the Fair Labor Standards Act with respect to its account executives, bank tellers, branch managers and customer service representatives.

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Peter Strozniak

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