WASHINGTON, Sept. 29 (UPI) -- Wells Fargo CEO John Stumpf faced another day of blistering attacks from the House Financial Services Committee over allegations of fraudulent banking practices, denying there was an "orchestrated effort" to defraud customers.
Stumpf said the embattled company would be terminating employee sales goals by Friday, thus ending incentives for employees to create false bank accounts to meet quotas. He fended off allegations he sold company shares in 2013 because he knew the scandal would rock stock prices and assertions he should be jailed for his role.