Jan 15, 2025 · The Office of the Comptroller of the Currency on Tuesday fined three former Wells Fargo executives a total of $18.5 million in connection with the bank’s 2016 fake-accounts scandal.. 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 ...

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...

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.

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.

News Release 2025-5 | January 16, 2025. ... Order of Prohibition and Order for Civil Money Penalty against Claudia Russ Anderson, former Community Bank Group Risk Officer at Wells Fargo Bank, N.A., Sioux Falls, South Dakota, for her failure to credibly challenge the bank’s incentive compensation program, failure to institute effective ...

Jan 14, 2025 · The Office of the Comptroller of the Currency fined three former Wells Fargo & Co. executives, including community banking risk officer Claudia Russ Anderson, and banned them from the banking...

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 ...

1 day ago · Wells Fargo bank consent order with Consumer Finance Protection Bureau ends. Case involved mortgages, auto loans, consumer account problems. ... Claudia Russ Anderson, the former community bank ...

Jan 14, 2025 · The enforcement actions are described in two written decisions issued by Acting Comptroller of the Currency Michael J. Hsu, covering Claudia Russ Anderson and jointly covering David Julian...

Dec 9, 2022 · Three former Wells Fargo executives face hefty fines over the mega-bank's fake accounts scandal after a judge recommended they be forced to pay $18.5 million in collective penalties for failing to stop the years-long scheme.