Wells Fargo Discovers More Fake Accounts - Up to 1.4 Million

posted by Kat -

Wells  Fargo is once again apologizing to customers after it recently  uncovered up to 1.4 million more fake bank accounts that it opened in  customers' names without telling them. The financial institution, which  has been contending with the fallout of this scandal for more than a  year, says its full tally of potentially fake accounts now stands at a  whopping 3.5 million. 

The bank has also increased its estimate of the  number of customers who were slapped with unnecessary fees over these  accounts from 130,000 to 190,000. Last fall, Wells  Fargo CEO and chairman John Stumpf resigned in the wake of the scandal  following weeks of pressure from federal legislators and others to step  down. The company was also fined a record-setting $185 million by  federal regulators.

Source:  CNN


Comments

Kat

Kat

Want to know more about Kat? Get their official bio, social pages & articles on 92.9 TomFM! Read more

title

Content Goes Here

This ad will close in X seconds.