Violation Tracker Individual Record
Company:
Wells Fargo Bank N.A.
Current Parent Company:
Wells Fargo
Penalty:
$3,520,000
Year:
2011
Date:
September 12, 2011
Offense Group:
consumer-protection-related offenses
Primary Offense:
discriminatory practices (non-employment)
Violation Description:
Wells Fargo was accused of discriminating against minority borrowers, charging them more for their loans than borrowers living in non-minority areas.
Level of Government:
state
Action Type:
private litigation
Court:
Los Angeles County (CA) Superior Court
Civil or Criminal Case:
civil
Case ID:
BC337821
Case Name:
Opal Jones et al vs. Wells Fargo Bank N.A. et al
Private Lawsuit Resolution Type:
settlement
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.
