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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. News of the fraud became widely known in late 2016 after various regulatory bodies, including the Consumer ...
Map of Wells Fargo branches in August 2015 Wells Fargo branch in Berkeley, California A former Wachovia branch converted to Wells Fargo in the fall of 2011 in Durham, North Carolina American Express Co. early receipts (1853, 1869) Stagecoach with Christmas gifts at a Wells Fargo Bank, San Francisco Wells Fargo & Co. Express building circa 1860, Stockton, California Mud wagon — Wells Fargo U ...
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In September 2016, Wells Fargo was fined $100 million by the Consumer Financial Protection Bureau, $50 million by the Office of the Comptroller of the Currency and $35 million by the city and county of Los Angeles, for opening two million checking and credit-card bank accounts without its customers' consent.
Zelle, which is run by Early Warning Services, a financial technology company owned by seven banks, including Wells Fargo, said in a statement that it has driven down fraud and scam rates through ...
Wells Fargo provides four personal checking accounts with a minimum opening deposit of $25. These are not free checking accounts —you’ll need to pay a $5–$35 monthly fee, depending on your ...
More than 40 consumers have reported mysterious accounts opened in their names at Wells Fargo. One man says someone opened an account in his name and deposited thousands of dollars.
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