Wells Fargo scandal: US bank regulator fines three former executives over fake accounts
The trio had been previously charged by the OCC in 2020, alongside other former senior leadership of the bank, but had opted not to settle.
OCC Fines 3 Wells Execs $18.5M over Fake-Accounts Scandal
According to the OCC's announcement, from 2013 to 2016 Anderson "failed to credibly challenge the bank's incentive compensation program, failed to institute effective controls to manage risks posed by sales practices misconduct, failed to escalate known or obvious risks, and repeatedly and consistently downplayed the sales practices misconduct."
3 ex-Wells Fargo execs fined $18.5M over fake-accounts scandal
The Office of the Comptroller of the Currency banned the bank’s former community bank group risk officer for life, among other penalties handed down Tuesday.
Wells Fargo fraudulent customer account scandal resurfaces with three more former executives drawing OCC fines
The fourth-quarter earnings report from Wells Fargo & Co. was overshadowed by the disclosure of three more former senior executives being fined a combined $18.5 million by the bank's federal
OCC fines three former Wells Fargo executives a combined $18.5 million
The Office of the Comptroller of the Currency issued fines amounting to $18.5 million to three former Wells Fargo executives in response to unsafe sales practices from 2013 to 2016.
OCC imposes civil money penalties against 3 former Wells Fargo executives
The Office of the Comptroller of the Currency announced enforcement actions against three former senior executives of Wells Fargo (WFC) Bank,
InventHelp Inventor Develops New Sewer Connector for Portable Toilets (OCC-1737)
"I wanted to create a quick and easy way to connect the holding tank outlet of a mobile toilet to any existing local sewer ...
JD Supra12h
OCC releases its December CRA evaluations
On January 2, the OCC released its CRA performance evaluations that became public during the month of December. The OCC evaluated 16 ...
Oklahoma Corporation Commission finds water-contaminated fuel at Pauls Valley gas station
The Oklahoma Corporation Commission said water-contaminated fuel was found at a Pauls Valley gas station on Wednesday. The ...
InventHelp Inventor Develops New Soccer Training Aid (OCC-1736)
"I thought there could be a better way for soccer players to practice shooting or passing skills without having to chase ...
JD Supra12h
OCC discusses key risks in federal banking system
The OCC released the “OCC Semiannual Risk Perspective for Fall 2024,” which analyzes key risks facing the federal banking system as of ...
US bank regulator fines three former Wells Fargo executives over fake accounts scandal
A U.S. banking regulator said on Tuesday it had fined three former executives at Wells Fargo for their roles in the bank's ...
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‘Champion of the ratepayer’: Bob Anthony reformed OCC, worked undercover for FBI
After serving as a statewide elected official for 36 years, Bob Anthony is leaving the Oklahoma Corporation Commission on Jan ...
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Providence: Let’s negotiate. Striking union: Call us
As the first-ever strike of both nurses and doctors continues at Providence Hospitals, hospital officials began discussing ...