On September 8, 2016, the Consumer Financial Protection Bureau (CFPB) imposed a $185 million fine on Wells Fargo after discovering that the bank had opened more than 2 million unauthorized accounts in its customers' names. According to the Los Angeles Times, journalistic investigations into these practices date back to at least 2013, when the first reports emerged revealing a culture of aggressive sales practices within the institution.
Taking the Reins of Fraud: The Wells Fargo Scandal
Taking the Reins of Fraud: The Wells Fargo Scandal
Autor: Alcántara Meléndez, Andrés; Salcedo Romo, Alejandro
Área Académica: Factor Humano
Clave: FH-25-eC-04
Formato: PDF
Tipo: Caso
Año de publicación: 2025
Idioma: Español
Tema: Fraud
Número de páginas: 8
Fecha de revisión: October 2025
Origen: IPADE
Keywords: Wells Fargo, Human Factor, Cross Selling, financial crisis, corruption