Press "Enter" to skip to content

Wells Fargo agrees to $3B settlement for sales practice scandal

The settlement resolves criminal and civil investigations into faulty sales practices at Wells Fargo’s community bank from 2002 to 2016. Those practices involved aggressive cross-selling and unrealistic sales goals, which led employees to open as many as 3.5 million fake accounts without customers’ knowledge.

“The conduct…

Source: The Business Journal

Be First to Comment

    Leave a Reply

    Your email address will not be published. Required fields are marked *