Kat Taylor, CEO of Beneficial State Bank Opinion: Fines against Wells Fargo won't eliminate their shady banking practices

Los Angeles Times
Saturday, September 17, 2016

To the editor: Your article describes efforts to investigate Wells Fargo for predatory practices. This latest fine against Wells Fargo highlights industry-wide practices that have resulted in billions of dollars in fines in recent years. But, as a banker focusing on low-income communities, I don’t believe these fines are eliminating unwanted behaviors.