Wells Fargo Works to Minimize Legal Trouble
Things haven’t been pretty for Wells Fargo Bank lately. Trouble began in the fall when federal regulators ordered the bank to pay nearly $200 million in fines as a response to the discovery that Wells Fargo employees had secretly created millions of unauthorized bank and credit card accounts without customer approval. This secret account and card opening had been occurring since 2011, tricking customers into paying fines on accounts they didn’t even know they had in their name.