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Violation Tracker Individual Record

Company: Wells Fargo Bank N.A.
Current Parent CompanyWells Fargo
Parent at the Time of the Penalty Announcement subscribe to see this data field
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 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)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.