Wells Fargo, CEO, will detail the corrective actions brought to the US Congress by clients

March 11 (Reuters) – Wells Fargo & Co Managing Director Tim Sloan will praise the bank's progress in paying abusive customers and highlight changes to its risk management structure during its testimony before the American legislators, according to prepared statements.

Since 2016, the bank has reviewed 165 million accounts, contacted more than 40 million clients and paid out millions of dollars in compensation, Sloan said in an opening statement presented to the House's Financial Services Committee on Monday.

(Report by Imani Moise, edited by Meredith Mazzilli)

More than Aol.com:

Boeing's actions disappear as fatal crash raises concerns over aircraft safety

American Airlines prohibits many puppies and kittens from flying as emotional support, but some miniature horses still work well

The LaCroix manufacturer's actions collapse, the CEO blames "unfairness" and compares the work to "take care of someone who has become disabled"