Political Quotes

Tim Scott: “The Wells Fargo fraudulent account scandal, and the incentive-based cross-selling strategy that fueled it are a stark…”

On the recordJune 13, 2018
The Wells Fargo fraudulent account scandal, and the incentive-based cross-selling strategy that fueled it are a stark reminder of how important it is for financial regulators to finalize executive compensation rules.
Said by
Tim Scott
Republican · South Carolina

Editor's note · Context

Emphasizes the need for finalizing compensation rules after the Wells Fargo scandal.

Share

More from Tim Scott

Oct 7, 2026

One spouse should not bear the responsibility for another spouse’s hidden income or mistakes, and the Tax Relief for Innocent Spouses Act gives the Tax Court greater authority to review the full scope of evidence in appeal cases.

hassan.senate.gov
Oct 8, 2026

Hamas murdered, raped, and took people hostage, carrying out the deadliest attack on the Jewish people since the Holocaust.

scott.senate.gov
Oct 8, 2026

We will not tolerate antisemitism in our communities, and we will never forget the atrocities Hamas committed.

scott.senate.gov
Oct 8, 2026

Three years ago today, Hamas terrorists committed an unimaginable act of terror, killing more than 1,200 innocent men, women, and children – including 46 Americans – and taking 251 people hostage, 12 of them Americans.

scott.senate.gov

Other voices in this conversation