WASHINGTON, Sept. 23 (UPI) -- Wells Fargo CEO John Stumpf, under fire following disclosures employees created some 1.5 million bank accounts without customer authorization, stepped down as district representative to a federal banking advisory panel.
Stumpf said it was a personal decision to resign from the Federal Advisory Council, a group of 12 bankers that consults with and advises the Federal Reserve System's board of governors on economic and banking matters. Stumpf represented the 12th district.