You all recall that Wells Fargo Home Mortgage Foreclosure Attorney Procedure Manual, Version 1 Status: Revision 3 Origination Date: 11/09/2011 Date Last Published: 02/24/2012?
Consumerist-
Financial regulators recently ordered Wells Fargo to pay $185 million to resolve allegations that the bank’s sales quotas and incentives pushed employees to open millions of unauthorized accounts, but that my not be the end of Wells’ troubles, with the U.S. Department of Justice now looking into the matter.
Federal prosecutors in U.S. attorney’s offices in New York and San Francisco are in the early stages of an investigation related to the bank’s alleged improper sales tactics that started in 2013, The Wall Street Journal reports, citing sources familiar with the matter.
The investigation centers on whether someone in senior management within the bank directed employees to falsify documents in conjunction with the opening of more than one million accounts and other banking products without customers’ knowledge.
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