Question

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.

Answer 1

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

Explanation: Look at the image below.

Answer 2

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.