Wells Fargo’s board under fire for spending half a million on lobbyists in last year

Wells Fargo’s board of directors is receiving criticism from banking experts for spending more than half a million dollars in 2017 to hire lobbyists, after it received multiple inquiries from state and federal regulators following the bank’s bogus accounts scandal.

“The board has paid $600,000 to Brownstein Hyatt Farber Schreck – among the largest lobbying firms in Washington – from Oct. 1, 2016, to Sept. 30, an Observer search of lobbying activity on Opensecrets.org found,” The Charlotte Observer reports. “Federal reports filed by Brownstein show the firm has received $150,000 every quarter since the scandal erupted in September 2016.”

Read on.

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