By Patrick Rucker WASHINGTON (Reuters) – A leading U.S. bank regulator on Friday reversed course and positioned the agency to claw back pay of former executives at Wells Fargo & Co after a phony-accounts scandal. Friday's move may target executive pay at Wells Fargo at a time when some lawmakers complain bank bosses have not paid a fair price for their part in financial scandals. Congressional hearings followed news of the scandal and John Stumpf, the firm's chief executive officer, resigned.
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Wells Fargo faces tighter controls as U.S. regulator reverses course