Waters, who grilled Sloan during a four-hour hearing into Wells Fargo's consumer abuse issues on Tuesday, has called for his removal before.
Rep. Maxine Waters, the California Democrat who runs the powerful House Financial Services committee, called for the removal of Wells Fargo CEO Tim Sloan after news that he received a $2 million bonus as part of his 2018 pay package.
"It is outrageous and wholly inappropriate that the bank has rewarded Mr. Sloan with a $2 million bonus for 2018," Waters said in an e-mailed statement. She pointed out that last year,"federal regulators and authorities capped the bank's growth and fined the bank more than $3 billion for offenses such as improperly charging customers auto insurance and mortgage fees."
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