56.9k views
0 votes
17. Why was a fine levied by the Consumer Financial Protection Bureau against Wells Fargo in 2016?

O Wells Fargo employees were opening unauthorized deposit and credit accounts for its customers.
O Wells was selling their customers information to others
O The company was posting incorrect information about its customers to credit bureaus
O The company was given a lower rating by the CFPB.

User Ekrem
by
8.5k points

2 Answers

5 votes

Answer: A) Wells Fargo employees were opening unauthorized deposit and credit accounts for its customers.

Explanation: Look at the image below.

17. Why was a fine levied by the Consumer Financial Protection Bureau against Wells-example-1
User Skay
by
8.2k points
3 votes

Answer:

Wells Fargo employees were opening unauthorized deposit and credit accounts for its customers.

Step-by-step explanation:

The employees were pressured by the bank mannagers to do this.

User Bryan C
by
8.7k points