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A chronological overview of the biggest scandals that have plagued Wells Fargo since 2016, involving fake accounts, overcharging, discrimination, and more. See how the bank has been fined, sued, and restricted by regulators and customers.
May 16, 2023 · Wells Fargo has paid billions of dollars in fines and damages for various scandals, including the fake accounts scandal that broke in 2016. See the timeline of controversies and the latest settlement in 2023.
The Wells Fargo cross-selling scandal was caused by creation of millions of fraudulent savings and checking accounts on behalf of Wells Fargo clients without their consent or knowledge due to aggressive internal sales goals at Wells Fargo.
Feb 21, 2020 · Wells Fargo has agreed to pay $3 billion to settle criminal charges and a civil action stemming from its widespread mistreatment of customers in its community bank over a 14-year period, the ...
Former Wells Fargo executive Carrie Tolstedt was sentenced to three years’ probation on Friday for her role in the bank’s sprawling fake-accounts scandal.
Aug 8, 2018 · The SEC heaped a $4 million fine on Wells Fargo and forced it to repay over $1 million in ill-gotten gains and interest to mom-and-pop investors at Wells Fargo Advisors, the bank’s brokerage...
Mar 15, 2023 · Carrie L. Tolstedt, Wells Fargo’s former head of retail banking, agreed to plead guilty to a criminal charge of obstructing a bank examination, the Justice Department said on Wednesday.
