Wells Fargo : Probe Hampered by Its Outside Lawyer, Labor Department Says

The U.S. Labor Department says an attorney representing Wells Fargo & Co. tried to hamper an investigation into the bank’s treatment of employees and in doing so cited a possible role in the coming Trump administration, according to a letter reviewed by The Wall Street Journal.

The Labor Department probe is focused on whether Wells Fargo skirted overtime rules, among other potential labor issues, in a bid to meet lofty sales goals. The agency began its inquiry after the San Francisco bank in September agreed to a $185 million regulatory settlement and enforcement action for illegal practices that included employees opening accounts without customers’ knowledge.

The Labor Department said in a mid-December letter that an outside attorney for the bank, Tammy McCutchen, tried to block an agency investigator from accessing records or conducting interviews at a Wells Fargo facility in Concord, Calif.

Read on.

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