Thu. Feb 6th, 2025

Occ Issues Enforcement Action Against Wells Fargo

The Office of the Comptroller of the Currency (OCC) announced on September 12, 2024, an enforcement action against Wells Fargo & Company for its auto insurance practices. The OCC found that the bank had been charging customers for collateral protection insurance without their consent, and in some cases, even after they had purchased their own insurance.

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