Regulators Slam Wells Fargo for Identity Theft

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Image Source: Article

For years, some Wells Fargo employees subscribed the bank's customers to products they didn't request, and that practice has now triggered $185 million in fines.

The second-largest U.S. bank was accused by state and federal regulators of allowing its employees to access customers' personal information - and in some cases forging data - to subscribe them to products, such as credit cards, that both generated revenue for the bank as well as commissions for salespeople.

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