Brian Higgins: “Wells Fargo is the Nation's third largest bank, with nearly $2 trillion in assets. In the past several months, Wells…”

“Wells Fargo is the Nation's third largest bank, with nearly $2 trillion in assets. In the past several months, Wells Fargo has engaged in blatant and systemic fraud perpetrated against millions of its own customers by opening fee- generating accounts without customer authorization, changing mortgage terms without customer knowledge, and forcing Wells Fargo auto loan customers into costly insurance products they did not need or want. Mr. Speaker, Wells Fargo has demonstrated a blatant, egregious culture of corruption, costing their customers tens of millions of dollars in unauthorized fees and financial hardship. Today I am calling on the Federal Housing Administration to ban, to immediately declare ineligible, Wells Fargo from participation in the Federal mortgage guarantee program. Wells Fargo has violated its public trust and that of millions of its own customers and clients. ____________________”