AG Announces End to Wells Fargo Review - Articles

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Posted by: Stacey Shrader Joslin on Mar 27, 2025

Tennessee Attorney General Jonathan Skrmetti and 17 other state attorneys general announced today they have concluded their investigation into Wells Fargo & Company following the company's decision to abandon certain environmental, social and governance (ESG) policies. The coalition has been investigating whether Wells Fargo and five other American banks — Bank of America Corporation, Citigroup Inc., The Goldman Sachs Group Inc., JPMorgan Chase & Co. and Morgan Stanley — violated antitrust or consumer protection laws by implementing net-zero emissions policies and restricting financing. In a release, Skrmetti said, “I commend Wells Fargo’s pro-consumer decision to step away from utopian policymaking, and I look forward to the rest of America’s major financial institutions following its lead.”