On Tuesday, Wells Fargo President and CEO Tim Sloan will meet with the U.S. Senate Committee on Banking, Housing, and Urban Affairs to discuss the past, present, and future of the company.
Wells Fargo has been in the spotlight for questionable lending practices before and during the housing crisis, which resulted in the stepping down of the bank’s former CEO as well as numerous board members. The company has recently revealed that another 1.4 million unauthorized accounts were uncovered in an internal investigation.
Senator Elizabeth Warren (D-Massachusetts) has been an outspoken critic of Wells Fargo, and it is widely expected that she will continue to remain critical of the bank’s practices.
The full committee hearing will take place at 10 a.m. EDT in room 538 of the Dirksen Senate Office Building.
Other Events in the Week Ahead:
Construction Spending, Monday, 10 a.m. EDT
U.S. Senate Committee on Banking, Housing, and Urban Affairs hearing on Equifax Data Breach, Wednesday, 10 a.m. EDT.
Freddie Mac Weekly Mortgage Survey, Thursday, 10 a.m. EDT
Unemployment Rate, Friday, 8:30 a.m. EDT