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Violation Tracker Individual Record

Company: Wells Fargo Bank
Current Parent Company: Wells Fargo
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $741,465
Year: 2011
Date: August 17, 2011
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: Wells Fargo agreed to pay for loan modifications plus $741,465 to the state for foreclosure prevention in settlement of allegations to companies it acquired, Wachovia and Golden West Financial, violated state consumer protection laws by failing to fully explain the loan payments of adjustable-rate mortgages.
Level of Government: state
Action Type: agency action
Agency: Connecticut Attorney General
Civil or Criminal Case: civil
Facility State: Connecticut
HQ Country of Current Parent: USA
HQ State of Current Parent: California
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.