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.
