Violation Tracker Individual Record

Company: 
Wells Fargo
Current Parent Company: 
Wells Fargo
Penalty: 
$940,056
Year: 
2012
Date: 
January 5, 2012
Primary Offense: 
mortgage abuses
Violation Description: 

Maryland entered into an agreement with Wells Fargo over the allegedly deceptive marketing of adjustable rate mortgages written by Wachovia and Golden West Financial, companies that Wells Fargo acquired in 2008.

Level of Government: 
state
Action Type: 
agency action
Agency: 
Maryland Attorney General
Civil or Criminal Case: 
civil
Private Lawsuit Resolution Type: 
settlement
Facility State: 
Maryland
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.