The Federal Reserve has a mandate to hold big banks accountable and manage risks to our economy — including climate risks.
Under the mandate, the Federal Reserve can halt Wells Fargo’s egregious business practices by revoking the bank’s status as a financial holding company and requiring the company to separate its banking and Wall Street activities.
Together with Senator Warren, we can move the Federal Reserve to take immediate action to stop Wells Fargo from abusing customers and bankrolling the climate crisis.