Ex-Wells Fargo Executives Face Millions in Fines for Misconduct
1 day ago · The Office of the Comptroller of the Currency fined three former Wells Fargo & Co. executives, including community banking risk officer Claudia Russ Anderson, and banned them from the banking sector for misconduct and “unsafe or unsound” sales practices.. Anderson will pay $10 million, the OCC said Tuesday in a statement.Also fined were Chief Auditor David …
OCC Imposes Civil Money Penalties Against Three Former …
1 day ago · The Office of the Comptroller of the Currency (OCC) today announced enforcement actions against three former senior executives of Wells Fargo Bank, N.A., Sioux Falls, South Dakota (bank). These actions were taken in response to the former executives' unsafe or unsound banking practices related to the bank's systemic and widespread sales practices misconduct.
3 ex-Wells Fargo execs fined $18.5M over fake-accounts scandal
9 hours ago · The OCC banned Wells Fargo’s former community bank group risk officer, Claudia Russ Anderson, from working in the banking industry for life and gave her a $10 million penalty, saying she failed, between 2013 and 2016, to credibly challenge an incentive program at the bank that the regulator found encouraged sales staff to create bank accounts ...
Ex-Wells Fargo Executives Face Millions in Fines for Misconduct
1 day ago · The Office of the Comptroller of the Currency fined three former Wells Fargo & Co. executives, including community banking risk officer Claudia Russ Anderson, and banned them from the banking ...
OCC Fines Ex-Wells Fargo Execs $18.5M For Sales Practices
19 hours ago · The OCC's acting comptroller, Michael Hsu, ordered the fines in final decisions against Claudia Russ Anderson, a former senior risk officer for Wells Fargo's retail banking division, David Julian ...
US bank regulator fines three former Wells Fargo executives over …
1 day ago · WASHINGTON (Reuters) - A U.S. banking regulator said on Tuesday it had fined three former executives at Wells Fargo for their roles in the bank's long-running fake accounts scandal. The Office of the Comptroller of the Currency said Claudia Russ Anderson, the bank's former community bank group risk officer, would be fined $10 million and ...
Former Wells Fargo execs ordered to pay $18.5M over fake …
Dec 9, 2022 · Federal Administrative Law Judge Christopher McNeil found in a report issued this week that former Wells Community Bank Group risk officer Claudia Russ Anderson, former chief auditor David...
Ex-Wells Fargo Execs Face Judge's Recommended $18.5 Million Fine
Dec 8, 2022 · Claudia Russ Anderson, the former group risk officer at Wells Fargo’s Community Bank, former chief auditor David Julian, and former executive audit director Paul McLinko failed to “identify and effectively address” problems spurred by inflated sales goals that led bank employees to create accounts for consumers without their knowledge ...
OCC to Hold Hearing on Charges Against Former Wells Fargo …
Sep 10, 2021 · The OCC will litigate enforcement actions against Claudia Russ Anderson, former Community Bank Group Risk Officer, David Julian, former Chief Auditor, and Paul McLinko, former Executive Audit Director of Wells Fargo Bank, N.A., Sioux Falls, S.D.
Ex-Wells Fargo execs to pay $18.5M in fake sales scandal
12 hours ago · 3 former Wells Fargo executives must pay over $18.5M for roles in fake bank account scandal. Company has biggest employee base in Charlotte. ... Claudia Russ Anderson, the former community bank ...
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