Wells Fargo account fraud scandal
GPTKB entity
Statements (62)
| Predicate | Object |
|---|---|
| gptkbp:instance_of |
gptkb:historical_event
|
| gptkbp:bfsLayer |
5
|
| gptkbp:bfsParent |
gptkb:Dirty_Money
|
| gptkbp:analyzes |
gptkb:Consumer_Financial_Protection_Bureau
|
| gptkbp:caused_by |
loss of customer trust
|
| gptkbp:consequences |
aggressive sales tactics
|
| gptkbp:convicted_of |
ethical standards
|
| gptkbp:depicted_in |
gptkb:2016
|
| gptkbp:encouraged |
Congressional hearings
|
| gptkbp:highlights |
corporate culture issues
|
| https://www.w3.org/2000/01/rdf-schema#label |
Wells Fargo account fraud scandal
|
| gptkbp:influenced |
public perception of banks
|
| gptkbp:involves |
gptkb:Wells_Fargo_Bank
fake accounts |
| gptkbp:is_affected_by |
2 million accounts
|
| gptkbp:is_aimed_at |
regulatory scrutiny
|
| gptkbp:is_challenged_by |
consumer trust
|
| gptkbp:is_involved_in |
customer complaints
consumer fraud internal investigations financial penalties whistleblower complaints corporate misconduct identity theft concerns customer restitution efforts customer service failures employees' unethical practices financial institutions' accountability millions of unauthorized accounts sales goals pressure systemic issues in banking unauthorized account openings |
| gptkbp:issues |
gptkb:Company
|
| gptkbp:launched |
gptkb:2011
|
| gptkbp:led_to |
changes in corporate governance
federal investigations changes in leadership increased regulations increased oversight CEO resignation enhanced compliance measures settlements with customers |
| gptkbp:notable_event |
shareholders
banking industry financial history |
| gptkbp:public_awareness |
gptkb:Wells_Fargo
|
| gptkbp:reports_to |
gptkb:media_outlets
|
| gptkbp:resulted_in |
lawsuits
reputational damage increased consumer awareness changes in policies $185 million fine employee incentives increased scrutiny of sales practices reforms in banking practices |
| gptkbp:significance |
regulators
banking ethics |
| gptkbp:subject |
academic studies
financial news |
| gptkbp:was_a_catalyst_for |
banking reforms
|
| gptkbp:was_a_factor_in |
Wells Fargo's stock decline
|
| gptkbp:was_a_turning_point_for |
Wells Fargo's business model
|