Baltimore Sun

Wells Fargo fined $185M for unauthoriz­ed accounts

-

California and federal regulators fined Wells Fargo a combined $185 million Thursday, saying the bank’s employees illegally opened millions of unauthoriz­ed accounts for their customers to meet aggressive sales goals. The San Francisco-based bank will pay $100 million to the federal Consumer Financial Protection Bureau, $35 million to the Office of the Comptrolle­r of the Currency, and $50 million to the city and county of Los Angeles. It will also pay

Newspapers in English

Newspapers from United States