Wells Fargo account fraud scandal
GPTKB entity
Statements (62)
| Predicate | Object |
|---|---|
| gptkbp:instance_of |
gptkb:politics
|
| gptkbp:caused_by |
loss of customer trust
|
| gptkbp:consequences |
aggressive sales tactics
|
| 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:investigates |
gptkb:Consumer_Financial_Protection_Bureau
|
| gptkbp:involved |
customer complaints
internal investigations financial penalties whistleblower complaints identity theft concerns customer restitution efforts customer service failures employees' unethical practices financial institutions' accountability millions of unauthorized accounts sales goals pressure unauthorized account openings |
| gptkbp:involves |
gptkb:Wells_Fargo_Bank
fake accounts |
| gptkbp:is_a_subject_of |
academic studies
financial news |
| gptkbp:is_affected_by |
2 million accounts
|
| gptkbp:is_challenged_by |
consumer trust
|
| gptkbp:is_displayed_in |
gptkb:2016
|
| gptkbp:is_significant_for |
regulators
banking ethics |
| gptkbp:is_targeted_at |
regulatory scrutiny
|
| gptkbp:issues |
gptkb:investors
|
| 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:prompted |
Congressional hearings
|
| gptkbp:reported_by |
gptkb:media_outlets
|
| gptkbp:resulted_in |
lawsuits
reputational damage increased consumer awareness changes in policies $185 million fine increased scrutiny of sales practices reforms in banking practices |
| gptkbp:started_in |
gptkb:2011
|
| gptkbp:was_a_breach_of |
ethical standards
|
| gptkbp:was_a_catalyst_for |
banking reforms
|
| gptkbp:was_a_factor_in |
Wells Fargo's stock decline
|
| gptkbp:was_a_public_relations_disaster_for |
gptkb:Wells_Fargo
|
| gptkbp:was_a_result_of |
employee incentives
|
| gptkbp:was_a_turning_point_for |
Wells Fargo's business model
|
| gptkbp:was_involved_in |
consumer fraud
corporate misconduct systemic issues in banking |
| gptkbp:bfsParent |
gptkb:Dirty_Money
|
| gptkbp:bfsLayer |
5
|