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In response to a class-action lawsuit resulting from its fraudulent accounts scandal, Wells Fargo has petitioned a Federal District Court to force the bank’s customers into arbitration. Wharton legal studies and business ethics professor Peter Conti-Brown and Lisa Cook, a Michigan State University professor of economics and international relations, joined the Knowledge@Wharton show on Wharton Business Radio on SiriusXM channel 111 to discuss what this means, and what might happen to banks that commit questionable practices under the incoming Trump administration. You can listen to the complete podcast at the top of this page.
For more Knowledge@Wharton coverage of the Wells Fargo Scandal, see: “Why the Wells Fargo Hearing Raises More Questions Than It Answers” and “The Wells Fargo Scandal: Is the Profit Model to Blame?“