Radio Havana Cuba

A friendly voice around the world

  • Español
  • English
  • Português
  • Esperanto
  • العربية
  • Français
  • Italiano
  • Follow Us on
  • Radio Habana Cuba en Facebook
  • Radio Habana Cuba en Twitter
  • Radio Habana Cuba en Youtube
  • Canal RSS principal
  • sent_message

Financial Giant Wells Fargo Fined $185 Million for Creating Phony Accounts and Credit Cards

New York, September 10 (RHC)-- The U.S.-based financial giant Wells Fargo will pay $185 million in fines after it was caught illegally manipulating customers’ bank accounts in order to rack up fees and other charges.

The Consumer Financial Protection Bureau found Wells Fargo employees secretly opened phony bank accounts and issued credit cards to customers who did not want them. These practices led to overdraft charges, late fees and other penalties.

Wells Fargo is a provider of banking, mortgage, investing, credit card, insurance, and consumer and commercial financial services. The bank has fired at least 5,300 employees involved in the illegal activity.
 

Edited by Pavel Jacomino
Commentaries
MAKE A COMMENT
  • Holguin Readies to Host Cuba International Tourism Fair 'FITCUBA 2017'
  • UNESCO Director General Arrives on Official Visit
  • RHC's Caribbean Outlook Show (April 28, 2017)
  • President Raúl Castro Receives Counterpart from Seychelles
  • Minister for Foreign Affairs of Seychelles Underscores Cuba's Role in His Country's Development Model
  • Embassy of The Seychelles Officially Opens in Havana
NUMBER OF HITS/VISITORS

3088641

  • Max: 19729
  • yesterday: 4191
  • today: 2623
  • online: 202
  • total: 3088641