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: 
$21,881,892,841
Number of records: 
222
Top 5 Offense Groups (Groups Defined)Penalty TotalNumber of Records
financial offenses$10,402,453,489121
consumer-protection-related offenses$6,421,664,48436
competition-related offenses$3,148,000,0003
government-contracting-related offenses$1,204,046,7862
employment-related offenses$705,192,08254
Top 5 Primary Offense TypesPenalty TotalNumber of Records
mortgage abuses$5,625,783,6717
banking violation$4,023,432,38617
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)
Companysort icon Primary Offense Type Year Agency Penalty Amount
WELLS FARGO FINANCIAL BANK banking violation 2009 FDIC $125,000
Wells Fargo Financial Bank consumer protection violation 2003 NY-AG $33,500
Wells Fargo Financial California, Inc. consumer protection violation 2005 CA-DFPI $1,621,010
Wells Fargo Financial Leasing, Inc. consumer protection violation 2005 MULTI-AG $10,000,000
Wells Fargo Financial Texas, Inc. employment discrimination 2003 EEOC $110,000
Wells Fargo Fund Distributor, LLC consumer protection violation 2014 CA-DFPI $8,000
Wells Fargo Home Mortgage discriminatory practices (non-employment) 2014 HUD $5,000,000
Wells Fargo Home Mortgage, Inc. consumer protection violation 2003 CA-SCCDA $25,000
Wells Fargo Insurance Services wage and hour violation 2015 private lawsuit-federal $2,000,000
Wells Fargo Investments investor protection violation 2005 FINRA $3,000,000
Wells Fargo Investments, LLC investor protection violation 2009 MULTI-FIN $1,900,000
Wells Fargo Investments, LLC investor protection violation 2011 FINRA $2,000,000
Wells Fargo Investments, LLC investor protection violation 2009 FINRA $275,000
Wells Fargo Investments, LLC investor protection violation 2005 FINRA $2,970,000
Wells Fargo Investments, LLC investor protection violation 2004 FINRA $150,000
Wells Fargo Securities investor protection violation 2019 SEC $812,500
Wells Fargo Securities LLC toxic securities abuses 2011 SEC $11,000,000
Wells Fargo Securities, LLC investor protection violation 2014 FINRA $4,000,000
Wells Fargo Securities, LLC investor protection violation 2007 FINRA $250,000
Wells Fargo Securities, LLC and Wells Fargo Prime Services, LLC investor protection violation 2016 FINRA $4,000,000
WELLS FARGO SECURITIES, LLC. workplace safety or health violation 2004 OSHA $5,000
WFS Financial, Inc. discriminatory practices (non-employment) 2004 private lawsuit-federal $4,550,000
Download results as CSV or XML (maximum 10,000; for access to larger downloads contact Phil Mattera)