- Wells Fargo to pay $190 million after it was revealed employees opened millions of sham bank accounts
- Sherrod Brown: The Wells Fargo scandal proves we need more oversight to rein in Wall Street abuses
Sherrod Brown, a Democrat, is a senator from Ohio and the ranking member on the US Senate Committee on Banking, Housing and Urban Affairs. The views expressed in this commentary are his own.
(CNN)As our economic recovery picks up steam and the financial crisis recedes in the rearview mirror, too many people in Washington seem to assume the problems with Wall Street are behind us. But the recent revelation of misdeeds by Wells Fargo -- a bank that touts itself as safer and less risky than other megabanks -- is proof we need more oversight, not less, to rein in Wall Street abuses.