Senator Sherrod Brown , Chair of the Senate Committee on Banking, Housing, and Urban Affairs, sent a letter to Wells Fargo CEO Charles Scharf, calling out the megabank for its history of consumer abuse and mismanagement. The letter highlights Wells Fargo's inability to address its longstanding risk management failures, including racial disparities in mortgage lending, fake job interviews for minority and female candidates, and anti-money laundering violations. These issues add to the list of consumer abuses and compliance breakdowns that led to a growth restriction imposed on Wells Fargo in 2018. Despite promises made to the American people following the fake accounts scandal, Wells Fargo has failed to live up to its obligations. For Black people, in particular, this failure is reflected in reports of racial discrimination in the refinancing process and the opening of millions of fake customer accounts. Wells Fargo must address these issues and improve its governance and risk man