Fines against Wells Fargo won't eliminate their shady banking practices

To the editor: Your article describes efforts to investigate Wells Fargo for predatory practices. This latest fine against Wells Fargo highlights industry-wide practices that have resulted in billions of dollars in fines in recent years. But, as a banker focusing on low-income communities, I don't believe these fines are eliminating unwanted behaviors. Real penalties -- suspension of business line licenses and holding top executives to equivalent consequences for aggressive sales cultures as front line staff and supervisors bear for the logical outcomes -- are essential for real reform. To the editor: It was interesting to see Wells Fargo's top management blaming the lower echelons in the company for the unsolicited accounts.