Violation Tracker Parent Company Summary

Parent Company Name: 
Wells Fargo
Ownership Structure: 
publicly traded (ticker symbol WFC)
Headquartered in: 
California
Major Industry: 
financial services
Specific Industry: 
banking
Penalty total since 2000: 
$21,678,596,719
Number of records: 
218
Top 5 Offense Groups (Groups Defined)Penalty TotalNumber of Records
financial offenses$15,948,637,160126
competition-related offenses$3,148,000,0003
government-contracting-related offenses$1,204,046,7862
consumer-protection-related offenses$767,880,81328
employment-related offenses$609,495,96053
Top 5 Primary Offense TypesPenalty TotalNumber of Records
mortgage abuses$5,625,783,6717
banking violation$3,950,832,38616
toxic securities abuses$3,637,750,0007
fraud$3,000,000,0001
investor protection violation$2,487,362,73582
Notes: 

Parent-subsidiary linkages are based on relationships current as of the latest revision listed in the Update Log, which may vary from what was the case when a violation occurred. The penalty totals are adjusted to account for the fact that the individual entries below may include both agency records and settlement announcements for the same case; or else a penalty covering multiple locations may be listed in the individual records for each of the facilities. The totals are also adjusted to reflect cases in which federal and state or local agencies cooperated and issued separate announcements of the outcome. Duplicate or overlapping penalty amounts are marked with an asterisk in the list below.

Links: 

For an overview of this company's accountability track record, read its Corporate Rap Sheet here.

Subsidy Tracker data on financial assistance to this company by federal, state and local government agencies can be found here.


Individual Penalty Records:

Click on the company or penalty amount for more information on each case.
Download results as CSV or XML (maximum 10,000; for access to larger downloads contact Phil Mattera)
Company Primary Offense Type Yearsort icon Agency Penalty Amount
Wells Fargo Bank N.A. employment discrimination 2019 OFCCP $283,697
Wells Fargo Bank N.A. wage and hour violation 2019 WHD $57,675
Wells Fargo Bank, N.A. and Wells Fargo Insurance, Inc. insurance violation 2019 CA-INS $5,345,816
Wells Fargo Clearing Services, LLC investor protection violation 2019 MA-SEC $450,000
Wells Fargo & Co. discriminatory practices (non-employment) 2019 private lawsuit-federal $10,000,000
Wells Fargo & Company wage and hour violation 2020 private lawsuit-federal $35,000,000
Wells Fargo & Company fraud 2020 DOJ_CIVIL $3,000,000,000
Wells Fargo Clearing Services and Wells Fargo Advisors Financial Network investor protection violation 2020 SEC $35,000,000
Wells Fargo & Co. investor protection violation 2020 SEC (*) $500,000,000
Wells Fargo & Co. investor protection violation 2020 MD-AG $20,000,000
Wells Fargo Bank, N.A. employment discrimination 2020 OFCCP $7,800,000
Wells Fargo Bank wage and hour violation 2020 private lawsuit-federal $10,928,870
Wells Fargo & Company benefit plan administrator violation 2020 private lawsuit-federal $79,000,000
Wells Fargo Bank, N.A. wage and hour violation 2020 private lawsuit-federal $25,696,122
Wells Fargo Clearing Services, LLC and Wells Fargo Advisors Financial Network, LLC investor protection violation 2020 FINRA $2,075,000
Wells Fargo & Co. employment discrimination 2021 private lawsuit-federal $18,700,000
Wells Fargo Bank discriminatory practices (non-employment) 2021 HUD $125,000
Wells Fargo Bank, National Association banking violation 2021 OCC $250,000,000
Download results as CSV or XML (maximum 10,000; for access to larger downloads contact Phil Mattera)