November 15, 2017 / 3:50 PM / a year ago

Wells Fargo CFO says 'consumer credit is under control'

Nov 15 (Reuters) - Wells Fargo & Co CFO John Shrewsberry said on Wednesday he is not worried that consumers are struggling to pay their debts.

Shrewsberry, speaking at an industry conference, said the bank has not changed its appetite for credit risk following a sales scandal that erupted slightly more than a year ago. The bank has been working to get past the scandal, which involved the creation of as many as 3.5 million fake accounts. (Reporting by Dan Freed in New York; Editing by Chizu Nomiyama)

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