Friday, July 21, 2017

Wells Fargo ordered to pay $575K, rehire fake account whistleblower

Just when it seemed like the ripples of Wells Fargo’s fake account scandal seemed to be calming down slightly, the Department of Labor is throwing another pebble into the pond. The Labor Department announced Friday that it ordered Wells Fargo to pay $577,500 in back pay, damages, and legal fees to a whistleblower who was fired by the bank after she reported that at least three of the “private bankers” working for her were opening accounts in customers’ names without their consent.

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