2009, Account Analysis and Regulations

Wells Fargo’s Earnings May Change With Potential $1B Penalty

PYMNTS

APRIL 13, 2018

As regulators seek to impose a $1 billion penalty on Wells Fargo over mortgage fees and car insurance, the bank said on Friday (April 13) that its first-quarter earnings are subject to change, The Financial Times reported. That increase in fake accounts was due to the bank’s use of a third party to analyze the scope of the scandal.

Office of the Comptroller of the Currency

Office of the Comptroller of the Currency OCC CFPB Account Analysis

Wells Fargo Accused On Mortgage Fee Violations

PYMNTS

AUGUST 30, 2017

Earlier this month, the company revealed that the Consumer Financial Protection Bureau was investigating the fees Wells Fargo charged customers to lock in interest rates for delayed mortgage loans, and that the bank was working with regulators to see if customers had been harmed by the fees.

Account Analysis

Account Analysis Procedures Consumer Protection Settlement

Payments Space

Wells Fargo’s Earnings May Change With Potential $1B Penalty

Wells Fargo Accused On Mortgage Fee Violations

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