House committee to hold hearing on Wells Fargo sales practicesWASHINGTON (Reuters) - The U.S. House Financial Services Committee has opened a probe into Wells Fargo’s sales practices and plans to call the company’s chief executive before lawmakers at a hearing later in September, the committee chairman said on Friday. Wells Fargo has settled with regulators over allegations that its staff opened more than two million bank accounts and credit cards for customers without their consent to meet internal sales goals. As part of last week’s settlement, Wells Fargo agreed to pay $185 million in penalties and $5 million to customers. Committee Chairman Representative Jeb Hensarling said the committee was “requesting all records related to the allegations of fraudulent or improper activity by Wells Fargo employees” from the Bureau of Consumer Financial Protection and the Office of the Comptroller of the Currency, and also requested records from the company. politicsNews
house committee hold hearing wells cargo sales practiceswashington reuters the house financial services committee opened probe wells cargo sales practices plans call company chief executive lawmakers hearing later september committee chairman said friday wells cargo settled regulators allegations staff opened two million bank accounts credit cards customers without consent meet internal sales goals as part last week settlement wells cargo agreed pay million penalties million customers committee chairman representative jeb hensarling said committee requesting records related allegations fraudulent improper activity wells cargo employees bureau consumer financial protection office comptroller currency also requested records company politicsnews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: House committee to hold hearing on Wells Fargo sales practicesWASHINGTON (Reuters) - The U.S. House Financial Services Committee has opened a probe into Wells Fargo’s sales practices and plans to call the company’s chief executive before lawmakers at a hearing later in September, the committee chairman said on Friday. Wells Fargo has settled with regulators over allegations that its staff opened more than two million bank accounts and credit cards for customers without their consent to meet internal sales goals. As part of last week’s settlement, Wells Fargo agreed to pay $185 million in penalties and $5 million to customers. Committee Chairman Representative Jeb Hensarling said the committee was “requesting all records related to the allegations of fraudulent or improper activity by Wells Fargo employees” from the Bureau of Consumer Financial Protection and the Office of the Comptroller of the Currency, and also requested records from the company. politicsNews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: house committee hold hearing wells cargo sales practiceswashington reuters the house financial services committee opened probe wells cargo sales practices plans call company chief executive lawmakers hearing later september committee chairman said friday wells cargo settled regulators allegations staff opened two million bank accounts credit cards customers without consent meet internal sales goals as part last week settlement wells cargo agreed pay million penalties million customers committee chairman representative jeb hensarling said committee requesting records related allegations fraudulent improper activity wells cargo employees bureau consumer financial protection office comptroller currency also requested records company politicsnews