• Wells Fargo fined $185M for fraudulently opening accounts (Sept. 2016)
• Senator Elizabeth Warren questions Wells Fargo CEO John Stumpf at Banking Committee Hearing (Sept. 2016)
• Wells Fargo review finds 1.4 million more suspect accounts (Sept. 2017)
• New Wells Fargo CEO receives significant increase in compensation (March 2018)
• Wells Fargo new CEO considered to make "Transformational Changes" (March 2018)
• Wells Fargo's 20-month nightmare (April 2018)
• Wells Fargo is hit with even more scandal. But does anyone care? (Aug. 2018)
• Wells Fargo CEO quits (March 2019)
• Wells Fargo can't outrun scandal (April 2019)
• New CEO at Wells Fargo (October 2019)
• Wells Fargo forced to pay $3 Billion (Feb. 2020)

1) First, briefly explain to Wells Fargo's issues and the backlash the company has received from various stakeholders. Be sure to specifically address at least two Governance processes (per the 2110 standard) for which Wells Fargo seemed to have issues.

2) Second, referencing the 2110 standard and the updated Three lines of defense model, explain how the 3 lines of defense model could have worked in regard to Wells Fargo's "fake account" scandal.