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Did Wells Fargo target seniors with its bogus-account scheme?

Wells Fargo may have gone out if its way to take senior citizens to the cleaners when the bank’s workers fraudulently opened as many as 2 million accounts without customers’ permission. At least that’s the suspicion of Democratic Sen. Claire McCaskill of Missouri and Republican Sen. Susan Collins...
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Wells Fargo Created Millions of Fake Accounts, for Real Customers

Industries / Law : FindLaw's Writ - Legal Commentary

For years, employees at Wells Fargo crushed sales targets and pulled down bonuses by opening millions of fake accounts on behalf of the bank's real customers, all without those customers' knowledge or consent. Those fake banking and...

Wells Fargo fires thousands of workers for opening 2 million bogus bank accounts

News : The Raw Story

WASHINGTON — A federal banking industry regulator has fined Wells Fargo after its employees were found to have secretly opened deposit and credit card accounts in order to meet sales quotas. The Consumer Financial Protection Bureau ...

LIVE: Wells Fargo CEO gets grilled by the Senate (WFC)

Business & Finance : Business Insider: Money Game

Wells Fargo CEO John Stumpf is in front of the Senate Banking Committee at 10 a.m. ET on Tuesday to answer question about fraudulent accounts opened by Wells employees. 2 million checking and credit card accounts were opened from 20...

Wells Fargo to pay $150 million-plus over allegations its workers opened fake accounts

Business & Finance : Money & Co

City and federal officials have reached a settlement of at least $150 million with Wells Fargo over allegations that the bank’s employees, driven by strict sales quotas, regularly opened new accounts for customers without their know...

This Week In Credit Card News: Shameful Account Fraud at Wells Fargo; Consumers Dislike Chip Cards

Business & Finance : Forbes: Business

Wells Fargo Fined $185 Million For Fraudulently Opening Accounts For years, Wells Fargo employees secretly issued credit cards without a customer’s consent. They created fake email accounts to sign up customers for online banking se...


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