Both Democratic and Republican lawmakers want Wells Fargo to find a CEO who will accomplish what Tim Sloan didn’t: Put a stop to exploitation cases involving the mega-bank’s customers, people better known inside Washington as voters.
“The bottom line is that we’ve not seen the type of cultural or institutional change needed at Wells Fargo,” Rep. Patrick McHenry, R-N.C., said after Sloan’s Thursday decision to step down from his top management role as well as his seat on the San Francisco-based lender’s board. “The bank needs a change agent. I will be watching closely to ensure the next leader shows commitment to rebuilding trust.”
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