U.S. watchdog settled for small fine over Wells Fargo phony accounts: report

September 19, 2017 by  
Filed under News

WASHINGTON (Reuters) – A consumer watchdog agency could have levied $10 billion in penalties against Wells Fargo & Co last year for opening unauthorized customer accounts, but settled for a fraction of that to resolve the matter quickly, according to regulatory documents released on Tuesday.

Source: Reuters Business News

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