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Senate Dems push Wells Fargo board for answers

In a Dec. 22 letter, U.S. Senate Banking Committee democrats called on Wells Fargo & Co.'s board to respond to queries related to its fraudulent sale practices that they claim the company's management has failed to answer.

The letter, signed by nine democrats including Sen. Elizabeth Warren, D-Mass., and Sen. Sherrod Brown, D-Ohio, requests for details regarding the company's ongoing investigation of the fraud, a timeline of when the board learned about it and reasons as to why Wells did not investigate the matter earlier.

The senators also asked the board to provide the committee board minutes, emails and materials related to the activities for all meetings from 2007 to present.