The CEOs of Equifax and Wells Fargo will testify before the Senate Banking Committee in early October to explain their companies’ mistreatment of customers, the panel announced Thursday.
Wells Fargo’s Timothy Sloan will appear before the committee on Oct. 3, and then Equifax’s Richard Smith will appear the next day.
Multiple House committees also are planning oversight hearings for Equifax, which recently announced a breach that compromised the data of 143 million Americans. The credit reporting company has subsequently struggled to contain the fallout, drawing criticism from members of Congress for the way they have tried to manage relief for customers.
Wells Fargo, meanwhile, is back before Congress a year after its executives were grilled for the massive fake accounts scandal. In August, the megabank revealed that it opened 3.5 million unwanted accounts for customers, two-thirds more than had originally been disclosed.
The bank’s previous CEO, John Stumpf, quit in October of last year after testifying before Congress.
