The Senate’s member most critical of Wells Fargo & Co. is asking the Federal Reserve Board of Governors to hold a formal vote on the firm’s reform plan.

San Francisco-based Wells Fargo has submitted a plan to the fed for the company to address consumer abuses.

The plan was submitted following a Feb. 2 Fed order requiring Wells Fargo’s board of directors to submit a written plan within 60 days to improve its oversight and risk management.

Source: Mortgage Daily