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Violation Tracker Individual Record

Company: Wells Fargo Bank, N.A.
Current Parent Company: Wells Fargo
Penalty: $21,864,673
Year: 2022
Date: January 9, 2022
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: Wells Fargo agreed to pay an additional $21 million in a case involving allegations that the bank wrongly denied homeowners loan modifications, causing them to lose their homes through foreclosure. This was in addition to $18.5 million paid in 2020 (see separate entry).
Level of Government: federal
Action Type: private litigation
Court: Northern District of California
Civil or Criminal Case: civil
Case ID: 3:18cv7354
Case Name: Hernandez v. Wells Fargo Bank, N.A.
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)
Link to PACER Case Docket (must be logged in): (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.