3 ex-Wells Fargo execs fined $18.5M over fake-accounts scandal
Jan 15, 2025 · 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 ...
Wells Fargo scandal: US bank regulator fines three former …
Jan 15, 2025 · 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 prohibited from working in the...
OCC Imposes Civil Money Penalties Against Three Former …
Jan 14, 2025 · 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.
Ex-Wells Fargo execs to pay $18.5M in fake sales scandal
Jan 15, 2025 · Claudia Russ Anderson, the former community bank group risk officer, was ordered Tuesday to pay $10 million; David Julian, former chief auditor, was ordered to pay $7 million; and Paul...
OCC judge recommends $18.5M in fines for 3 ex-Wells Fargo execs
Dec 8, 2022 · Three former Wells Fargo executives should pay $18.5 million in fines over their alleged roles in the bank’s 2016 fake-accounts scandal, an in-house judge for the Office of the Comptroller of the Currency (OCC) recommended in a decision released Wednesday.
3 former Wells execs fined a combined $18.5M in penalties; …
Jan 14, 2025 · In one order, Claudia Russ Anderson, Wells’ former community bank group risk officer, was prohibited Tuesday by the Office of the Comptroller of the Currency (OCC) from participating in the affairs of any federally insured financial institution and …
findings of fact, recommended conclusions of law, and proposed order in the matter of Claudia Russ Anderson, who served as the Group Risk Officer for the Community Bank at Wells Fargo Bank, N.A. between January 2013 and December 2016. The recommendations and the proposed order are based on proceedings initiated through
CFPB consent order ends in Wells Fargo mortgage, auto loans
11 hours ago · Wells Fargo has seen regulatory sanctions since its 2016 fake accounts scandal was discovered in 2016. ... Claudia Russ Anderson, the former community bank group risk officer, was ordered Tuesday ...
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 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 ...
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