And now, two members of the legislative body that oversees the city and county where Wells Fargo is headquartered want the city to suspend any business with Wells Fargo as well.
To that end, two members of San Francisco’s board of supervisors, John Avalos and Jane Kim, plan to introduce a motion on Tuesday morning that would direct the city and county of San Francisco to cut business ties with Wells Fargo.
The supervisors will introduce the motion during press conference Tuesday morning on the steps of San Francisco city hall, and will be joined by representatives from theAlliance of Californians for Community Empowerment, the California Reinvestment Coalition and CalPIRG.
Additionally, San Francisco Treasurer José Cisneros will take part in the press conference.
In the wake of the Wells Fargo fake account scandal and fine, Cisneros removed Wells Fargo from the city’s “Bank On” program, which helps to connect thousands of low-income consumers each year to “safe, accessible and low-fee accounts at credit unions and responsible banks.”