Wells Fargo CEO faces furious Congress

Wells Fargo CEO John Stumpf appeared before Congress on Thursday, for the second time since news broke that his bank opened up 2 million fake accounts without informing its customers. Stumpf faced the Senate Banking Committee last week, where he incurred the wrath of Sen. Elizabeth Warren (D-Mass.), who demanded he resign.

At Thursday's hearing before the House Financial Services Committee, Stumpf continued to face outrage from Democrats and Republicans alike, with Rep. Gregory Meeks (D-N.Y.) accusing Stumpf of running "a criminal enterprise":

Stumpf now trying to argue with Rep. Meeks he sees a diff between his bank's situation and literally robbing a bank.

— Pete Schroeder (@peteschroeder) September 29, 2016

I'd score this hearing as being about 90% anger at Wells Fargo, 10% anger at regulators. Not good for Wells on a GOP-heavy panel.

— Pete Schroeder (@peteschroeder) September 29, 2016

A member of Congress is accusing a bank CEO and its executives of "clearly" being criminals. Capuano: "Why shouldn't you be in jail?"

— Pete Schroeder (@peteschroeder) September 29, 2016

Hard to think of a time when I've seen so many members of Congress aggressively arguing a witness should face charges.

— Pete Schroeder (@peteschroeder) September 29, 2016

Stumpf stressed he would cooperate with lawmakers: "I am fully accountable for all unethical sales practices in our retail banking business, and I am fully committed to fixing this issue," he said. "We will not stop working until we get this right."