6 page seven. Ill see text crossed out and other text that has been alded. Commissioners, the revised or edited minutes are before us. For acceptance. So we need a motion. Okay. I think this is minor and i can give it to you but go ahead. So on page 5, 5 of the ones that were in our packet. Sure. Up i number 7. Okay. Just to add precision to the language there because i asked how the stock would be dealt with regarding taxes at the end of the year. What i actually think i said was how the stock would be valg valued for tax purpose. Yes, i will make that change. Okay. While we are making small corrections, page 6. Previous page stated San Francisco doesnt have a present coherent strategy. I would like to amend that that he would like to say commissioner repeat that. Stated he would like p San Francisco to have a coherent transportation strategy. Yes. Im happy with that. Those are good changes that unless there is objection, we would add to the changes for the motion. Any further clarifi
Its important for me to finish. I would love for the record to have a better understanding of the culture of checks and balances that were not there that would help customers have confidence and you become a model for doing it right. Thank you. You open an account i apologize for going over my time for a minute or so, you have an account, i hope to keep them there if i didnt sign for it, it is fraudulent. I like the simple definition. Open an account in my name. There are fees attached to some of the accounts. They are not paid because we are ignorant of those accounts. At some point its related to a Credit Agency because i didnt patheydidnt pay the fees becaui didnt know about it because i didnt open the account. So when it creates a negative impact on the credit statement it translates into high gear Interest Rates were said differently, a different way of exacting resources out of my limited pocket especially for folks working paycheck to paycheck throughout south carolina. So when
Senate Banking Committee cherish charred shelby. The committee will come to order. Today, well learn more about the events and the circumstances, that led to the enforcement action against wells fargo by the City Attorney, and the occ and the c. F. Pb. But first today, well receive testify from john stumpf, hes the c. E. O. And chairman, who is was us. Welcome. We will then here from the Los Angeles Deputy cheer whose office was the first for commence the action and finally from the occ and. C. F. Pb. We look forward to hearing from both panels because much remains unclear about what transpired at wells fargo and the regulators response. It appears that wells fargos own analysis concluded that think seanlsd of its employ piece opened more than 2 million account thats may not have been author raised. Subsequent licks wells fargo terminated 5,300 employees and has agreed to pay 185 until fines, and 5 million in customer remediation. Sales dated take show they have been an Industry Leader
I put the minutes in front of you. Commissioner chow requested a make a slight change on the top 6 page seven. Ill see text crossed out and other text that has been alded. Commissioners, the revised or edited minutes are before us. For acceptance. So we need a motion. Okay. I think this is minor and i can give it to you but go ahead. So on page 5, 5 of the ones that were in our packet. Sure. Up i number 7. Okay. Just to add precision to the language there because i asked how the stock would be dealt with regarding taxes at the end of the year. What i actually think i said was how the stock would be valg valued for tax purpose. Yes, i will make that change. Okay. While we are making small corrections, page 6. Previous page stated San Francisco doesnt have a present coherent strategy. I would like to amend that that he would like to say commissioner repeat that. Stated he would like p San Francisco to have a coherent transportation strategy. Yes. Im happy with that. Those are good change
I am joined by the Committee Vice chair, tang as well as norman yee and i want to thank the clerk, as well as stgtv for covering this meeting. Please silence all cell phones, and all of the speaker cards should be submitted to the clerk, items today will be on the april, 26, board of spurps agenda, unless, otherwise stated. We have ten items on the aagain this morning, we will try to get through them. Start by calling item one. Ordinance, amending the administrative code to codify the process for imposing sanctions for nonwillful, failures to comply with the county adult assistance programs. Thank you, madam clerk, so colleagues, when our voters of San Francisco passed, we made a commitment that we are going to provide benefits for housing and services that will keep people stabilized it was one of the biggest innovations in addressing the homelessness, and the success has spoken for itself thousands of individuals have found, housing stability, since the implementation, more than a de