Do you remember when your mother would not let you hang out with Wally because he was a bad kid? Well, Wells Fargo is the bad kid in the neighborhood. So why are you working for them? If you performed the acts performed by Wells Fargo, you would be in prison. Mortgage inspectors wear out their cars performing $3 mortgage inspections for some of the biggest criminals and crooks in the industry. Many mortgage inspectors make bad decisions.
The California Attorney General’s Office has launched a criminal investigation into Wells Fargo over allegations it opened millions of unauthorized customer accounts and credit cards, according to a seizure warrant seen by Reuters.
Attorney General Kamala Harris authorized a seizure warrant against the bank that seeks customer records and other documents, saying there is probable cause to believe the bank committed felonies.
The U.S. Consumer Financial Protection Bureau and other regulators ordered the United States’ third-largest bank by assets to pay $190 million in fines and restitution to settle civil charges that its branch staff created as many as 2 million accounts without customers’ knowledge in order to meet internal sales targets.