Tag Archives: Wells Fargo
Auto Loans the Subject of Latest Scandal for Wells Fargo
Wells Fargo is once again the subject of public criticism not even a year after its major fake account scandal. This time, the subject is how the company issues automotive loans. The New York Times recently broke the news of a Federal Reserve Bank of San Francisco investigation into Wells Fargo’s auto loan policies after […]
OSHA: Wells Fargo Treated Terminated Manager Unfairly After He Exposed Potential Fraud
Banking giant Wells Fargo must reinstate a former manager who was fired after he reported possible fraud happening within the organization. The order comes from the U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA), which is forcing the bank to pay the employee back wages, attorneys’ fees and other monetary damages in amounts […]
Wells Fargo Fires 4 Senior Managers in Wake of Fake Accounts Scandal
Four senior managers have been let go from Wells Fargo due to their alleged connection to last year’s scandal involving more than 1.5 million fake bank accounts that were opened in customers’ names. The board of directors approved the terminations unanimously, taking the action as part of an ongoing independent investigation into the wrongdoing. Among […]
Prudential Sued in Fake Account Scandal Involving Wells Fargo
For several months, Wells Fargo & Co. has been dealing with a fake accounts scandal that has made national news — and now the issue has extended to Prudential Financial, Inc. The company recently suspended its business operations with Wells Fargo after a whistleblower filed a lawsuit accusing the company of selling fraudulent life insurance […]
