Violation Tracker Individual Record
Date:December 20, 2010
Primary Offense:mortgage abuses
Wells Fargo agreed to pay $33.8 million -- $32 million in customer restitution -- to resolve a case brought by the California Attorney General concerning risky so-called pick-a-pay adjustable rate mortgages.
Level of Government:state
Action Type:agency action
Agency:California Attorney General
Civil or Criminal Case:civil
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
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