CFPB

bigstock-JACKSONVILLE-FL-APR--A-Well-32341418

California Levies Year-Long Sanctions on Wells Fargo

The California State Treasurer today took strong actions against Wells Fargo for the bank allegedly opening millions of accounts without customers’ permission. In a letter to the Wells Fargo Board, State Treasurer John Chiang suspended certain banking relationships with the institution for the next 12 months. California will not use the San Francisco-based bank as