Not to diminish the assault on the woman flying to India, but just since 2016:
In April 2017 Wells Fargo was ordered to provide $5.4 million in back pay, damages and legal fees to a bank manager who had been terminated in 2010 after reporting suspected fraudulent behavior to superiors and a bank ethics hotline.
In July 2017 it was revealed that more than 800,000 customers who had taken out car loans with Wells Fargo were charged for auto insurance they did not need.
Several weeks later, the bank disclosed that the number of bogus accounts that had been created was actually 3.5 million, a nearly 70 percent increase over the bank's initial estimate.
In February 2018 the Federal Reserve took the unprecedented step of barring Wells Fargo from growing any larger until it cleaned up its business practices. The agency also announced that the bank had been pressured to replace four members of its board of directors.
In April 2018 the Office of the Comptroller of the Currency and the Consumer Financial Protection Bureau fined Wells Fargo a total of $1 billion for selling unnecessary products to customers and other improper practices.
In May 2018 Wells Fargo agreed to pay $480 million to settle a class action lawsuit filed by shareholders accusing the company of making false statements about its business practices.
In August 2018 Wells Fargo agreed to pay $2.09 billion to resolve a Justice Department case involving the misrepresentation of the quality of loans used in residential mortgage-backed securities the bank issued in the period leading up to the financial crisis.
In December 2018 Wells Fargo agreed to pay $575 million to settle claims brought by all 50 states and the District of Columbia in connection with a variety of questionable practices.
In December 2019 Wells agreed to provide $10 million for housing programs in Philadelphia to resolve litigation alleging that it violated the Fair Housing Act in the mortgage loans it provided to minority borrowers in the city.
In February 2020 Wells Fargo agreed to pay $3 billion to resolve federal civil and criminal investigations into the fake-account scandal. The settlement included a deferred prosecution agreement.
Also in February, Wells paid $35 million to the SEC to settle a case involving a failure to properly supervise investment advisors.
In June 2020 Wells agreed to pay $20 million to the State of Maryland in settlement of allegations it misled investors over the safety of its residential mortgage-backed securities.
In August 2020 Wells paid $7.8 million to resolve employment discrimination issues raised by the Office of Federal Contract Compliance Programs.
In September 2021 Wells was fined $250 million by the Office of the Comptroller of the Currency for deficiencies in its loss mitigation practices.
That same month, Wells paid $72 million to settle Justice Department charges that it overcharged customers for foreign exchange services.
In September 2022 Wells agreed to pay paid $145 million to settle Labor Department allegations that it overcharged participants in its 401(k) plan for purchases of company stock.
In December 2022 the Consumer Financial Protection Bureau fined Wells $1.7 billion and ordered more than $2 billion in customer restitution to resolve allegations that the bank imposed illegal fees and interest charges on automobile and home loans.
Source: https://www.corp-research.org/wells-fargo
= new reply since forum marked as read
