Wells Fargo Reportedly Investigating Fees Charged To Closed Accounts

The transcript discusses Wells Fargo's practice of charging overdraft fees on accounts customers believed were closed. Senator Elizabeth Warren questioned the bank's interim CEO, Alan Parker, about this issue, highlighting concerns over the bank's practices. Parker responded, indicating ongoing discussions with regulators. The transcript also touches on Wells Fargo's efforts to improve its image following past scandals, including the creation of fake accounts to meet sales targets.

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