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Take Two

How to trust your bank after Wells Fargo's scandal

A man walks past a Wells Fargo branch in Philadelphia. The banking company says it wants to make good by its customers, but figuring out how to do that will be a tall task.

Take Two translates the day’s headlines for Southern California, making sense of the news and cultural events that affect our lives. Produced by Southern California Public Radio and broadcast from October 2012 – June 2021. Hosted by A Martinez.

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How to trust your bank after Wells Fargo's scandal

Wells Fargo CEO John Stumpf is before lawmakers again, today, to answer tough questions about the bank's practice where employees would use customers' personal information to create millions of fake accounts without their knowledge.

And yesterday, California's Treasurer John Chiang announced that he's suspending the state's business relationships with banking giant Wells Fargo for at least a year.

But what can the millions of Californians do if they still have a checking account or mortgage loan with Wells Fargo?

Take Two turns to financial advisor Delia Fernandez for advice on how to monitor your accounts for fraud and, if it comes to it, switch banks.