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Six senators criticize Wells' use of forced arbitration clauses

U.S. Sens. Sherrod Brown, D-Ohio, and Patrick Leahy, D-Vt., wroteto Wells Fargo & Co.CEO John Stumpf, calling for an end to forced arbitration clauses, which they saidenabled the company to keep its bogusaccounts out of the publiceye and the courts for years.

The letter further asked the company how many fake account-relatedcomplaints it had received before the issue became national news in September —and who at Wells Fargo was in charge of setting legal policies to deal with thosecomplaints.

The letter — dated Sept. 23 — was also signed by Sens. Dick Durbin,D-Ill., Al Franken, D-Minn., Richard Blumenthal, D-Conn., and Elizabeth Warren,D-Mass.