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Selected References

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David Moskowitz

General Counsel, Wells Fargo Home Mortgage

Wells Fargo & Co

Testimony

Before the

Subcommittee on Financial Institutions and Consumer Credit

A hearing entitled
The Role of FCRA in the Credit Granting Process"

June 12, 2003

My name is David Moskowitz and I am the General Counsel for Wells Fargo Home

Mortgage, headquartered in Des Moines, Iowa. Wells Fargo, our parent company, is a

diversified financial services company, offering mortgage, securities, insurance, real

estate services, online banking, institutional and retail banking products under the Wells

Fargo brand through a number of separately incorporated affiliates to 15 million

customers nationwide. Wells Fargo's headquarters is in San Francisco; the company

has 130,000 employees, has mortgage offices nationwide, and has a retail banking

presence in 23 states.

Thank you for the invitation to testify. I would like to share with you some of Wells

Fargo Mortgage's experiences in providing products and services within the framework

established by the Fair Credit Reporting Act.

Wells Fargo Home Mortgage works in concert with its other Wells Fargo business

affiliates in providing financial services products to customers. Marketplace experience

shows that consumers expect the financial services companies they do business with to

know about their accounts, to respond quickly to their questions and to advise them

about products and services that will help them reach their financial goals. The service

consumers expect requires that Wells Fargo have integrated information systems to

give customers what they want -- when, where and how they want it. Subject to the Fair

Credit Reporting Act, Wells Fargo shares customer information internally to meet these

goals.

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