Wells Fargo fake accounts scandal
GPTKB entity
Statements (38)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
political scandal
|
| gptkbp:affectedCustomers |
hundreds of thousands
|
| gptkbp:apologyBy |
yes
|
| gptkbp:cause |
pressure to meet sales targets
|
| gptkbp:CEOResigned |
gptkb:John_Stumpf
|
| gptkbp:consequence |
fines
congressional hearings executive resignations reputational damage customer refunds |
| gptkbp:discoveredIn |
2016
|
| gptkbp:endDate |
2016
|
| gptkbp:fineAmount |
$185 million
|
| https://www.w3.org/2000/01/rdf-schema#label |
Wells Fargo fake accounts scandal
|
| gptkbp:involvedIn |
Wells Fargo
|
| gptkbp:ledTo |
class action lawsuits
increased regulatory scrutiny board changes changes in sales practices employee terminations |
| gptkbp:location |
gptkb:United_States
|
| gptkbp:mediaCoverage |
extensive
|
| gptkbp:notableEvent |
House Financial Services Committee hearing
Senate Banking Committee hearing public apology by CEO restitution to customers settlement with regulators |
| gptkbp:numberOfFakeAccounts |
over 2 million
|
| gptkbp:numberOfIssues |
creation of millions of unauthorized bank and credit card accounts
|
| gptkbp:regulates |
gptkb:Consumer_Financial_Protection_Bureau
gptkb:Los_Angeles_City_Attorney gptkb:Office_of_the_Comptroller_of_the_Currency |
| gptkbp:relatedTo |
banking industry practices
sales culture |
| gptkbp:startDate |
2011
|
| gptkbp:whistleblower |
yes
|
| gptkbp:bfsParent |
gptkb:Wells_Fargo_account_fraud
|
| gptkbp:bfsLayer |
7
|