Basic Search  |  Summaries  |  Advanced Search

Violation Tracker Individual Record

Company: Wells Fargo Bank, N.A. and Wells Fargo Insurance, Inc.
Current Parent Company: Wells Fargo
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $5,345,816
Year: 2019
Date: January 2, 2019
Offense Group: consumer-protection-related offenses
Primary Offense: insurance violation
Violation Description: 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
Facility State: California
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)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.