The civil trial of three former Wells Fargo executives accused of culpability in the bank's long-running fake-accounts scandal began on Monday. Greg Coleman, senior deputy comptroller for large bank supervision at the Office of the Comptroller of the Currency, testified that the executives were the bank's primary "lines of defense" against such risks and that its "incentive sales program was implemented without risk-management controls, without proactive monitoring and it essentially incented the bank employees to open fraudulent accounts, to provide misleading information to customers, resulting in significant harm."

Comptroller of the Currency Joseph Otting calls accusations of inaction from Democrats on the Senate banking committee unfounded and says his agency has adopted eight of nine recommendations after Wells Fargo's fake-account scandal. The ninth change will be implemented by June, Otting says, and his agency has found no evidence of similar practices at other banks.

A report by House Democrats calls out the Federal Deposit Insurance Corp., the Federal Reserve and the Office of the Comptroller of the Currency for missteps in investigation or enforcement of Wells Fargo regarding the fake-accounts scandal. The report says a report released by Rep. Jeb Hensarling, R-Texas, blames the Consumer Financial Protection Bureau as part of an "ideological mission of functionally terminating the Consumer Bureau."

The Wells Fargo fake-account scandal has other banks scrutinizing their own practices in efforts to avoid similar situations. The Office of the Comptroller of the Currency and the Consumer Financial Protection Bureau are investigating big banks' sales tactics.

The Consumer Financial Protection Bureau, the Office of the Comptroller of the Currency and the Los Angeles city attorney will unveil a civil action and settlement today regarding alleged aggressive sales tactics by Wells Fargo, sources say. Wells Fargo has said it disagrees with the allegations.