The California bank refused to appear before Sen. Glazer's Banking Committee
Friday, December 16, 2016
When Wells Fargo refused to appear before my Senate Banking & Financial Institutions panel to answer questions about their scandal, they reminded me of another bad corporate actor: Enron, the last corporation that refused to testify at a Legislative committee. Wells Fargo must come clean about the system they fostered for cheating customers. I wrote about this in today's San Francisco Chronicle.
The Wells Fargo fraud has resulted in $185 million in penalties so far. But has the Bank taken steps to hold those accountable? My hearing of the Senate Banking Committee yesterday revealed that over 480 Branch Managers were also fired for engaging in illegal behavior. It is a bad sign when Wells refuses to show up to answer important questions as this LA Times story reviews.
It was unfair that the federal government was clawing back bonuses it had mistakenly given to California’s Army National Guard members who took them in good faith. So I am glad to see the Department of Defense is now suspending their efforts requiring soldiers and their families to repay the bonuses, which would have been a terrible burden on those who have devoted their lives to protecting our country.
It was my privilege to present a commendation to the management team of Planned Parenthood Nor Cal and their parent organization on the occasion of their 100th anniversary. The Legislative resolution, co-authored by Senators Loni Hancock and Lois Wolk and Assembly members Catharine Baker, Susan Bonilla, Bill Dodd, and Tony Thurmond, congratulates them for their wide-ranging healthcare services.
New Pathway for California State University Students to Graduate in Four Years
Thursday, September 22, 2016
Sacramento, CA – Gov. Jerry Brown on Wednesday signed Senate Bill 412, Sen. Steve Glazer’s California Promise, a landmark bill that will pave a new pathway for more California State University students to graduate in four years.