Senator Elizabeth Warren demands answers over latest Wells Fargo scandal

Democratic lawmakers are demanding answers as Wells Fargo becomes embroiled in yet another scandal – this time, over putting mortgage customers in mortgage forbearance programs without their consent. In recent weeks, there have been multiple reports that the scandal-plagued bank has placed borrowers who were not delinquent in mortgage forbearance programs without their knowledge or consent. Some borrowers said they only learned of Wells Fargo’s actions from their lawyers, rather than the bank itself. There have also been reports that the bank has made misrepresentations to bankruptcy courts about borrower’s requests for forbearance. In a letter to Wells Fargo CEO Charles Scharf, Sen. Elizabeth Warren (D-Mass.) and Sen. Brian Schatz (D-Hawaii) accused the bank of “putting consumers at risk of greater financial hardship amidst one of the worst economic downturns in our country’s history.” Warren and