Wells Fargo Ordered to Pay $185 Million
The Consumer Financial Protection Bureau recently caught Wells Fargo setting up more than 2 million fake accounts that its customers hadn’t asked for in order to try and reach product sales goals. After being fined $185 Million, Wells Fargo has responded by firing 5,300 employees who are believed to have opened these phantom accounts. They have also removed the unrealistic product sales goals for retail bankers in attempt to prove to its customers ...
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