Violation Tracker Individual Record
Company:
Wells Fargo Bank, N.A.
Current Parent Company:
Wells Fargo
Penalty:
$70,000,000
Year:
2016
Date:
May 25, 2016
Offense Group:
financial offenses
Primary Offense:
banking violation
Secondary Offense:
mortgage abuses
Violation Description:
The Office of the Comptroller of the Currency terminated its mortgage servicing-related order against Wells Fargo Bank, N.A. and assessed a $70 million civil money penalty against the bank for previous violations of the order.
Level of Government:
federal
Action Type:
agency action
Agency:
Office of the Comptroller of the Currency
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 of Data:
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.
