Take Two®

News and culture through the lens of Southern California. Hosted by A Martínez

How to trust your bank after Wells Fargo's scandal

by Take Two®

141758 full
A man walks past a Wells Fargo branch in Philadelphia. The banking company says it wants to make good by its customers, but figuring out how to do that will be a tall task. Matt Rourke/AP

Wells Fargo CEO John Stumpf is before lawmakers again, today, to answer tough questions about the bank's practice where employees would use customers' personal information to create millions of fake accounts without their knowledge.

And yesterday, California's Treasurer John Chiang announced that he's suspending the state's business relationships with banking giant Wells Fargo for at least a year.

But what can the millions of Californians do if they still have a checking account or mortgage loan with Wells Fargo?

Take Two turns to financial advisor Delia Fernandez for advice on how to monitor your accounts for fraud and, if it comes to it, switch banks.

blog comments powered by Disqus

Enjoy Take Two®? Try KPCC’s other programs.

What's popular now on KPCC