In 2022, the CFPB had ordered the bank to pay $3.7 billion for ‘widespread’ problems with its auto loans, mortgages and deposit accounts.

The bank employees moved large sums of money to unauthorized accounts, created fake pin numbers and even forged customer signatures in the scheme, according to a statement ... Commission. Wells Fargo ...

Three former Wells Fargo executives must pay $18.5 million for their role in the bank’s widespread fake sales accounts scandal that came to light nearly a decade ago. Based in San Francisco ...

“When a client has an issue, we work directly with them,” Naomi Patton, Bank of America spokesperson, said in a statement. Wells Fargo did ... and over $290 million in fraud losses by Bank ...

The Office of the Comptroller of the Currency on Tuesday fined three former Wells Fargo executives a total of $18.5 million in connection with the bank’s 2016 fake-accounts scandal. The OCC ...

Fake accounts. Executives who only wanted to hear good news. Tens of billions of dollars in damage. As the bank’s chief security officer, Michael Bacon spent years raising concerns about rampant sales ...

A Houston couple is battling Wells Fargo after $40,000 was fraudulently withdrawn from their business account, despite their ...

the CFPB sued Wells Fargo for failing to stop “widespread” Zelle fraud. Bank of America and JPMorgan Chase are also named in the lawsuit. Customers have lost more than $870 million during the ...

The other $21.5 million is in stock that vests over time. Scharf was brought into Wells Fargo in 2019 to try to right the ship after its fake-account scandal came to light. Since then, the bank ...