PYMNTS
APRIL 13, 2018
That increase in fake accounts was due to the bank’s use of a third party to analyze the scope of the scandal. million new accounts were opened potentially without the blessing of its customers. The original account analysis reviewed 93.5 The original account analysis reviewed 93.5 The third party found 1.4
FICO
MARCH 12, 2018
lower than in 2002, which means now approximately 68% of exposure on active accounts is not being used. The highest rates were seen in September 2009. The percentage of accounts that are overlimit accounts has fallen by 36%. It peaked in December 2009. Utilisation was 3.9% Warning Signals.
PYMNTS
AUGUST 30, 2017
The Wells Fargo lawsuit, which will request the court grant class action status, comes as the bank is trying to recover from last year’s scandal, when it was discovered that employees had opened a slew of fake accounts in the retail banking units.
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