Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
More Wells Fargo customers may be affected by sales scandal: filing
Source: Reuters
U.S. | Wed Mar 1, 2017 | 3:16pm EST
More Wells Fargo customers may be affected by sales scandal: filing
By Dan Freed
More Wells Fargo & Co (WFC.N) customers may have been affected by a scandal over phony accounts than previously believed, the third-largest U.S. lender said in a regulatory filing on Wednesday.
Wells Fargo had previously estimated that up to 2.1 million customers may have had checking and credit-card accounts opened in their names without authorization over a period of several years.
As part of an expanded review of affected customers, Wells said in its annual 10-K filing that there could be "an increase in the identified number of potentially impacted customers."
Wells initially disclosed the number of affected customers as part of a $185 million settlement in September, leading to multiple government probes, lawsuits and an internal review, and hurting Wells Fargo's reputation.
[font size=1]-snip-[/font]
More Wells Fargo customers may be affected by sales scandal: filing
By Dan Freed
More Wells Fargo & Co (WFC.N) customers may have been affected by a scandal over phony accounts than previously believed, the third-largest U.S. lender said in a regulatory filing on Wednesday.
Wells Fargo had previously estimated that up to 2.1 million customers may have had checking and credit-card accounts opened in their names without authorization over a period of several years.
As part of an expanded review of affected customers, Wells said in its annual 10-K filing that there could be "an increase in the identified number of potentially impacted customers."
Wells initially disclosed the number of affected customers as part of a $185 million settlement in September, leading to multiple government probes, lawsuits and an internal review, and hurting Wells Fargo's reputation.
[font size=1]-snip-[/font]
Read more: http://www.reuters.com/article/us-wells-fargo-accounts-idUSKBN1685GO