Tag: Wells Fargo

Compliance into the Weeds is the only weekly podcast which takes a deep dive into a compliance related topic, literally going into the weeds to more fully explore a subject. In this episode we take a deep dive into the Office of Comptroller and Currency’s proposed Cease and Desist Order against former high-ranking Wells Fargo risk assurance executives.
Some of the highlights include:

• Are risk assurance executives now under more scrutiny by regulators?
• Were the facts of Wells Fargo’s fraudulent accounts scandal so bad to raise a new level of liability?
• Should we expect new regulatory guidance?
• If the first line of defense performs it function, but the second and third do not; what are the implications?
• What are the implications for the compliance discipline and CCO?

Compliance into the Weeds is the only weekly podcast which takes a deep dive into a compliance related topic, literally going into the weeds to more fully explore a subject. In this episode, Matt Kelly (the coolest guy in compliance) and I take a deep dive into resignation of now former Wells Fargo CEO Tim Sloan. We use his departure as a starting point to discuss some of the issues which continue to bedevil the organization some three years after the original fraudulent accounts scandal broke.

Some of the highlights include:

• Another tough Congressional hearing, another Wells Fargo CEO resigns.
• Why can’t Wells Fargo turn around its culture?
• Should an outsider (IE., non-long term Wells Fargo employee be brought in to right the ship?
• What is the difference in high-performing and high-pressure organizations?
• Why does Wells Fargo continue to resist whistleblower retaliation claims?
• Does Wells Fargo treat its customers as it treats its employees?
• What draconian sanctions are the OCC and Fed considering?
• What can Wells Fargo do to actually change its culture?

If you are in Houston on Friday, please plan to attend the South Texas College of Law 2019 Symposium on Compliance in international Corporate Legal Practices – Legal Development and the Talent Needs of the Future. Information and registration details available here.