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Violation Tracker Current Parent Company Summary

Current 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: $27,616,269,231
Number of records: 266
Top 5 Offense Groups (Groups Defined)Penalty TotalNumber of Records
consumer-protection-related offenses$11,542,492,25260
financial offenses$10,735,220,989127
competition-related offenses$3,212,570,0006
government-contracting-related offenses$1,204,046,7862
employment-related offenses$921,403,20465
Top 5 Primary Offense TypesPenalty TotalNumber of Records
consumer protection violation$5,790,156,74340
mortgage abuses$5,625,783,6717
banking violation$4,091,194,88618
toxic securities abuses$3,637,750,0007
fraud$3,000,000,0001
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: 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.

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Company sort iconPrimary Offense TypeYearAgencyPenalty Amount
Wells Fargo Bankeconomic sanction violation2005OFAC$42,833
Wells Fargo Bankeconomic sanction violation2003OFAC$5,500
Wells Fargo BankFamily and Medical Leave Act2006WHD$5,152
Wells Fargo Bankwage and hour violation2015private lawsuit-federal$1,850,000
Wells Fargo Bankwage and hour violation2012private lawsuit-federal$280,000
Wells Fargo Bankwage and hour violation2011private lawsuit-federal$100,000
Wells Fargo Bankemployment screening violation2016private lawsuit-federal$12,000,000
Wells Fargo Bankconsumer protection violation2011CT-AG$741,465
Wells Fargo Bankmortgage abuses2015MA-AG$675,000
Wells Fargo Bankmortgage abuses2015MD-AG$13,800,000
Wells Fargo Bankprivacy violation2016CA-AG$8,500,000
Wells Fargo BankFalse Claims Act and related2008USAO$4,046,786
Wells Fargo Bankwage and hour violation2016WHD$38,230
Wells Fargo Bankconsumer protection violation2015NY-DFS$4,000,000
Wells Fargo Bankwage and hour violation2020private lawsuit-federal$10,928,870
Wells Fargo Bankdiscriminatory practices (non-employment)2021HUD$125,000
Wells Fargo Bankconsumer protection violation2022CFPB$3,700,000,000
Wells Fargo and Companybenefit plan administrator violation2022EBSA$145,000,000
Wells Fargo Advisors, LLC, Wells Fargo Advisors Financial Network, LLC and First Clearing, LLCinvestor protection violation2016FINRA$1,500,000
Wells Fargo Advisors, LLC and Wells Fargo Advisors Financial Network, LLCinvestor protection violation2015FINRA$15,000,000
Wells Fargo Advisors, LLCanti-money-laundering deficiencies2017SEC$3,500,000
Wells Fargo Advisors, LLCwage and hour violation2018private lawsuit-federal$9,500,000
Wells Fargo Advisors, LLCinvestor protection violation2017IL-SEC$270,000
Wells Fargo Advisors, LLCinvestor protection violation2010IN-SEC$8,495
Wells Fargo Advisors, LLCinvestor protection violation2013FINRA$3,250,000
Wells Fargo Advisors, LLCinvestor protection violation2012FINRA$1,931,488
Wells Fargo Advisors, LLCinvestor protection violation2011FINRA$1,000,000
Wells Fargo Advisors LLCinvestor protection violation2014SEC$5,000,000
Wells Fargo Advisors LLCinvestor protection violation2018SEC$5,108,441
Wells Fargo Advisors LLCinvestor protection violation2012MD-SEC$50,000
Wells Fargo Advisors LLCinvestor protection violation2016VT-FIN$300,000
Wells Fargo Advisors Financial Network, LLCinvestor protection violation2016NH-BSR$35,000
Wells Fargo Advisors and Wells Fargo Advisors Financial Networkanti-money-laundering deficiencies2014FINRA$1,500,000
Wells Fargo Advisorswage and hour violation2017private lawsuit-federal$3,500,000
Wells Fargo Advisorswage and hour violation2013private lawsuit-federal$4,000,000
Wells Fargo Advisorsemployment discrimination2011private lawsuit-federal$32,000,000
Wells Fargo Advisorsemployment discrimination2017private lawsuit-federal$35,500,000
WELLS FARGO ADVISORSinvestor protection violation2015VA-SEC$205,000
Wells Fargo Advisorsanti-money-laundering deficiencies2022SEC$7,000,000
Wells Fargo & Companybanking violation2012FED$87,000,000
Wells Fargo & Companybanking violation2011FED$85,000,000
Wells Fargo & Companymortgage abuses2012DOJ$5,342,200,000
Wells Fargo & CompanyAmericans with Disabilities Act2011DOJ_RIGHTS$16,055,000
Wells Fargo & Companyemployment discrimination2014EEOC$295,000
Wells Fargo & Companybenefit plan administrator violation2011private lawsuit-federal$17,500,000
Wells Fargo & Companybenefit plan administrator violation2015private lawsuit-federal$7,420,000
Wells Fargo & Companyinvestor protection violation2018NY-AG$65,000,000
Wells Fargo & Companywage and hour violation2014WHD$100,001
Wells Fargo & Companywage and hour violation2020private lawsuit-federal$35,000,000
Wells Fargo & Companyfraud2020DOJ_CIVIL$3,000,000,000
Wells Fargo & Companybenefit plan administrator violation2020private lawsuit-federal$79,000,000
Wells Fargo & Companyprice-fixing or anti-competitive practices2022private lawsuit-federal$20,820,000
Wells Fargo & Co.investor protection violation2020SEC(*)Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting. $500,000,000
Wells Fargo & Co.investor protection violation2020MD-AG$20,000,000
Wells Fargo & Co.discriminatory practices (non-employment)2019private lawsuit-federal$10,000,000
Wells Fargo & Co.employment discrimination2021private lawsuit-federal$18,700,000
Wells Fargo & Co.benefit plan administrator violation2022private lawsuit-federal$32,500,000
Wells Fargo & Co.banking violation2023FED$67,762,500
Wells Fargo & Co.economic sanction violation2023OFAC$30,000,000
Wells Fargo & Co.consumer protection violation2019private lawsuit-federal$13,460,000
Wells Fargo & Co.consumer protection violation2019private lawsuit-federal$55,000,000
Wells Fargo & Co.consumer protection violation2018private lawsuit-federal$142,000,000
Wells Fargo & Co.consumer protection violation2016private lawsuit-federal$25,750,000
Wells Fargo & Co.consumer protection violation2013private lawsuit-federal$12,500,000
Wells Fargoconsumer protection violation2015CFPB$34,800,000
Wells Fargobanking violation2013OCC$1,991,141,181
Wells Fargotoxic securities abuses2012SEC$6,500,000
Wells Fargotoxic securities abuses2013FHFA$591,000,000
Wells Fargoemployment discrimination2015OFCCP$14,000
Wells Fargowage and hour violation2018private lawsuit-state$27,500,000
Wells Fargowage and hour violation2017private lawsuit-state$13,000,000
Wells Fargowage and hour violation2017private lawsuit-federal$685,000
Wells Fargowage and hour violation2017private lawsuit-federal$3,900,000
Wells Fargowage and hour violation2014private lawsuit-federal$15,000,000
Wells Fargowage and hour violation2014private lawsuit-state$3,000,000
Wells Fargowage and hour violation2011private lawsuit-federal$6,660,000
Wells Fargowage and hour violation2011private lawsuit-federal$6,720,000
Wells Fargowage and hour violation2011private lawsuit-federal$6,900,000
Wells Fargowage and hour violation2010private lawsuit-federal$20,000,000
Wells Fargowage and hour violation2007private lawsuit-federal$12,800,000
Wells Fargoconsumer protection violation2010MULTI-AG$23,700,000
Wells Fargomortgage abuses2012MULTI-AG(*)Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting. $1,005,233,716
Wells Fargomortgage abuses2010CA-AG$33,868,615
Wells Fargoinvestor protection violation2009CA-AG$1,400,000,000
Wells Fargotoxic securities abuses2018IL-AG$17,250,000
Wells Fargomortgage abuses2012MD-AG$940,056
Wells Fargoconsumer protection violation2004NY-AG$2,900,000
Wells Fargoconsumer protection violation2016WV-AG$8,000,000
Wells Fargoconsumer protection violation2016CA-LACA$50,000,000
Wells Fargodiscriminatory practices (non-employment)2012private lawsuit-federal$7,500,000
Wells Fargoworkplace whistleblower retaliation2017OSHA$577,500
Wells Fargoworkplace whistleblower retaliation2022OSHA$22,000,000
Wells Fargoprice-fixing or anti-competitive practices2013private lawsuit-federal$35,000,000
Wells FargoAmericans with Disabilities Act2023USAO$10,000
Wells Fargoinvestor protection violation2023CFTC$75,000,000
Wachovia Securities, LLC.investor protection violation2004FINRA$39,486
Wachovia Securities, LLC nka Wells Fargo Advisors, LLCinvestor protection violation2010CT-SEC$75,000
Wachovia Securities, LLC and First Clearing, LLCinvestor protection violation2009FINRA$1,100,000
Wachovia Securities, LLCinvestor protection violation2004SEC$4,844,465
Wachovia Securities, LLCinvestor protection violation2009DE-AG$309,000
Wachovia Securities, LLCinvestor protection violation2011NJ-AG$3,200,000
(*): Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting.