The sales scandal, apparently, is not the only blot weighing down on Wells Fargo’s reputation. On Tuesday, the Office of the Comptroller of the Currency flunked the bank on its community lending. Wells Fargo was given a “needs to improve” rating under the Community Reinvestment Act, a 1977 law meant to promote lending in poor neighborhoods.

While Wells Fargo received high marks from the OCC for most of its other lending and investment activities, the regulatory agency cited the bank for “an extensive and pervasive pattern and practice of discriminatory and illegal credit practices across multiple lines of business within the bank, resulting in significant harm to large numbers of consumers.”

"We are committed to addressing the OCC's concerns because restoring trust in Wells Fargo and building a better bank... is our top priority,” Sloan said in a statement.