Summary: Over a 5+ year period Wells Fargo opened 3.5 million fraudulent bank accounts and credit cards for customers who didn’t ask for them,...
Racial Discrimination in Lending and Banking
Summary: Wells Fargo paid $175 million to settle a lawsuit brought by the Justice Department and the Office of the Comptroller of the Currency...
Small Business Credit Card Deception
Summary: According to a 2017 lawsuit, for several years, Wells Fargo’s merchant services division overcharged small businesses for processing credit card transactions. Business owners...
Overdraft Fee Gouging
Summary: In August 2010, Wells Fargo was fined by US District Court judge William Alsup for overdraft practices designed to “gouge” consumers and “profiteer”...
Victims of Fraud Abuse
Summary: A new lawsuit in 2018 by an ex-fraud investigator for the bank claims that Wells Fargo engaged in an “illegal and systematic scheme...
Unauthorized Life Insurance Policies
Summary: In 2016 former Prudential employees filed a whistle-blower lawsuit asserting that the company had tried to hush up evidence that Wells Fargo bankers...