Violation Tracker Individual Record
Company:Wells Fargo Bank, N.A. and Wells Fargo Insurance, Inc.
Date:January 2, 2019
Offense Group:consumer-protection-related offenses
Primary Offense:insurance violation
Wells Fargo agreed to pay a $10 million penalty ($5 million suspended unless it applied for new licenses) and $345,816 in costs in settlement of allegations it issued unauthorized insurance policies.
Level of Government:state
Action Type:agency action
Agency:California Department of Insurance
Civil or Criminal Case:civil
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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