Elizabeth “Betsy” Duke and James Quigley remained unwavering about accepting any sort of accountability in their oversight roles as former board members of Wells Fargo and, instead, blamed the former management of the scandal-plagued megabank for a host of compliance and risk management failures during their testimony at a tense Congressional hearing Wednesday.

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Jaclyn Jaeger is a freelance contributor to Compliance Week after working for the company for 15 years. She writes on a wide variety of topics, including ethics and compliance, risk management, legal,...