Wells Fargo & Company
Approved Evidence
Added to Rotten Company: 8/26/2026
Conduct/Event period: 2011–December 20, 2022
Ongoing: No
Resolution status: Resolved
Resolution date: December 20, 2022
Wells Fargo ordered to pay $3.7 billion over widespread consumer-account violations
Summary
The CFPB found Wells Fargo illegally assessed fees and interest, wrongfully repossessed vehicles, improperly denied mortgage modifications leading in some cases to wrongful foreclosures, charged surprise overdraft fees and committed other violations affecting more than 16 million consumer accounts. The 2022 order required more than $2 billion in redress and a $1.7 billion penalty. Source: https://www.consumerfinance.gov/archive/newsroom/cfpb-orders-wells-fargo-to-pay-37-billion-for-widespread-mismanagement-of-auto-loans-mortgages-and-deposit-accounts/
Evidence Weight
100.00
Severity:
Recency Weight: 99.99989820687469
File Weight: 1