Wells Fargo scandal: US bank regulator fines three former executives over fake accounts
The trio had been previously charged by the OCC in 2020, alongside other former senior leadership of the bank, but had opted not to settle.
3 ex-Wells Fargo execs fined $18.5M over fake-accounts scandal
The Office of the Comptroller of the Currency banned the bank’s former community bank group risk officer for life, among other penalties handed down Tuesday.
OCC Fines 3 Wells Execs $18.5M over Fake-Accounts Scandal
According to the OCC's announcement, from 2013 to 2016 Anderson "failed to credibly challenge the bank's incentive compensation program, failed to institute effective controls to manage risks posed by sales practices misconduct, failed to escalate known or obvious risks, and repeatedly and consistently downplayed the sales practices misconduct."
Wells Fargo fraudulent customer account scandal resurfaces with three more former executives drawing OCC fines
The fourth-quarter earnings report from Wells Fargo & Co. was overshadowed by the disclosure of three more former senior executives being fined a combined $18.5 million by the bank's federal
Former Wells Fargo Execs Fined for Role in Fraudulent Bank Accounts
Three former Wells Fargo executives have been fined a total of $18.5 million for their alleged roles in opening fraudulent bank accounts, the Office of the Comptroller of the Currency said Tuesday.
Three more former Wells Fargo execs fined for sales practices scandal
Bank regulators say a new round of fines is the final enforcement action against former Wells Fargo executives after the sales practices scandal that came to light in 2016.
OCC fines three former Wells Fargo executives a combined $18.5 million
The Office of the Comptroller of the Currency issued fines amounting to $18.5 million to three former Wells Fargo executives in response to unsafe sales practices from 2013 to 2016.
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OCC releases its December CRA evaluations
On January 2, the OCC released its CRA performance evaluations that became public during the month of December. The OCC evaluated 16 ...
Oklahoma Corporation Commission finds water-contaminated fuel at Pauls Valley gas station
The Oklahoma Corporation Commission said water-contaminated fuel was found at a Pauls Valley gas station on Wednesday. The ...
OCC imposes civil money penalties against 3 former Wells Fargo executives
The Office of the Comptroller of the Currency announced enforcement actions against three former senior executives of Wells Fargo (WFC) Bank, ...
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OCC discusses key risks in federal banking system
The OCC released the “OCC Semiannual Risk Perspective for Fall 2024,” which analyzes key risks facing the federal banking system as of ...
Newest member of the Oklahoma Corporation Commission sworn in
Brian Bingman joins the body responsible for regulating Oklahoma’s oil and gas, utility and transportation industries. The ...
Rate hike for PSO upgrades sparks energy affordability debate in Oklahoma.
The Oklahoma Corporation Commission (OCC) has approved a settlement agreement related to its rate review. This decision will ...
Here’s what we know about the OCC Christkindlmarket
FOX21 News is learning more about the Christkindlmarket coming to Old Colorado City later this year including the market’s ...