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Violation Tracker Individual Record

Company: Wells Fargo Bank N.A.
Current Parent Company: Wells Fargo
Penalty: $880,000
Year: 2017
Date: March 15, 2017
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Secondary Offense: banking violation
Violation Description: Wells Fargo agreed to pay $880,000 to settle litigation alleging it failed to disclose to home mortgage borrowers the existence of insurance proceeds that could be used to pay off loans and prevent foreclosure.
Level of Government: federal
Action Type: private litigation
Court: Northern District of California
Civil or Criminal Case: civil
Case ID: 3:15cv2904
Case Name: Latasha Mclaughlin v. Wells Fargo Bank NA
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.