Violation Tracker Individual Record

Company: 
Wells Fargo Bank
Current Parent Company: 
Wells Fargo
Penalty: 
$234,300,000
Year: 
2012
Date: 
July 12, 2012
Primary Offense: 
mortgage abuses
Secondary Offense: 
discriminatory practices
Violation Description: 

The Department of Justice announced a settlement with Wells Fargo Bank resolving allegations that it engaged in a pattern or practice of discrimination against qualified African-American and Hispanic borrowers in its mortgage lending from 2004 through 2009.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Justice Department Civil Rights Division
Civil or Criminal Case: 
civil
HQ Country of Parent: 
USA
HQ State of Parent: 
California
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
banking
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.