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Wells Fargo updates: A parade of lawmakers rip into CEO John Stumpf

Wells Fargo Chairman and Chief Executive John Stumpf returned to Capitol Hill today to testify before the House Financial Services Committee, where angry lawmakers excoriated him over the bank's admission that employees created some 2 million fake accounts to meet sales goals. The scandal was first uncovered by The Times in 2013 and led to a $185-million settlement with regulators this month.

After the Senate Banking Committee raked Stumpf over the coals last week, the bank's board announced he would forfeit compensation worth about $45 million.

A recording of the hearing can be watched on YouTube.

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