Violation Tracker Individual Record

Company: 
Wells Fargo Financial California, Inc.
Current Parent Company: 
Wells Fargo
Penalty: 
$1,621,010
Year: 
2005
Date: 
July 12, 2005
Offense Group: 
consumer-protection-related offenses
Primary Offense: 
consumer protection violation
Violation Description: 

Wells Fargo agreed to pay $750,000 to the Commissioner for costs and consumer financial information, and had already paid $871,010 in refunds at the direction of the Commissioner, in settlement of allegations it overcharged interest on some loans.

Level of Government: 
state
Action Type: 
agency action
Agency: 
California Department of Financial Protection and Innovation
Civil or Criminal Case: 
civil
Facility State: 
California
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
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.