After it was determined that of more than 5,000 former Wells Fargo employees opened more than 2 million fake accounts in order to get sales bonuses, a $185 million fine was levied against the bank. It also facing a Department of Justice investigation, its CEO is testifying before the Senate Banking Committee this week, and now the House Financial Services Committee has launched an investigation of its own, reports HousingWire staffer Ben Lane.

Last week, House Financial Services Committee Chairman Rep. Jeb Hensarling, R-TX, announced the investigation and said the committee wants to review all of the records and materials that led to this fine and plans to call Wells Fargo CEO John Stumpf to testify.

In a letter sent to James Strother, Wells Fargo’s senior executive vice president and general counsel, Hensarling states that the committee is “very concerned by these serious allegations” and plans to investigate Wells Fargo’s “questionable sales practices and corresponding agreements with federal regulators in order to evaluate the application, administration, execution, and effectiveness of Federal law.”

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