WASHINGTON — Equifax CEO Richard Smith and Wells Fargo CEO Tim Sloan are scheduled to testify on major operational breakdowns at both companies before Senate lawmakers during the first week of October.

The Senate Banking Committee announced Thursday that it would hold a hearing Oct. 3 on Wells Fargo's phony-accounts scandal, which was first revealed by regulators a year ago. The hearing, "Wells Fargo: One Year Later," will feature Sloan as its sole witness.

Subscribe Now

Authoritative analysis and perspective for every segment of the credit union industry

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.