(Reuters) – Democratic Representative Katie Porter, a first-term lawmaker known as a tough Wall Street critic, accused Wells Fargo & Co (WFC.N) of passing on costs associated with its wide-ranging scandals to third parties, in a scathing letter sent to the bank’s new chief executive on Thursday.
FILE PHOTO: A Wells Fargo stagecoach is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. REUTERS/Chris Helgren/File Photo
A copy of the letter was viewed by Reuters.
Last summer, Wells Fargo asked 14 of its IT vendors to return 2.5% of revenue…