"How to get justice after the Wells Fargo scandal"

From a Washington Post column today by Katrina vanden Heuvel:

Wells Fargo’s abuse of its customers — its employees opened some 2 million accounts and credit cards for depositors who may not have wanted them — has sparked deserved outrage. Sen. Elizabeth Warren (D.-Mass.) charged Wells Fargo chair and chief executive John Stumpf with “gutless leadership,” calling on him to resign and give back the pay he pocketed, and called on the Justice Department to launch a criminal prosecution. Rep. Maxine Waters (Calif.), the senior Democrat on the House Financial Services Committee said Wells Fargo had committed “the most egregious fraud we’ve seen since the foreclosure crisis.” Criticism, however, is easy. The question is whether there will be real consequences and real reforms coming out of the scandal.

The column goes on to suggest four steps "needed for real deterrence," including criminal prosecutions, breaking up Wells Fargo, and encouraging consumers to bank at smaller institutions.

The full column is here.