News Releases at Wells Fargo and Regulators

You may be surprised at how much information is available through Wells Fargo and their regulating bodies. A lot of information came directly from their new releases, publications, transcripts, posted documentation, etc. For account scandal sources, we encourage you to explore these:

Wells Fargo
Federal Reserve Board
Office of the Comptroller of the Currency
Consumer Financial Protection Bureau

The House Committee on Financial Services

With subpoena power, the House Financial Committee is able to access information that no one else can. The Committee produced several reports on the Wells Fargo account fraud scandal full of information. Granted, both sides of the House have an agenda, and the reports are not in chronological order, but there is a lot of information here:

House Financial Committee Report by Majority Staff
House Financial Committee Report by Minority Staff

Consent Orders

Our focus for the Wells Fargo account scandal is one of the effects of the consent orders, available here (see attachments at the bottom of the pages):

OCC September 8, 2016 Sales Practices Consent Orders
CFPB September 8, 2016 Sales Practices Consent Orders
Federal Reserve February 2, 2018 Consent Orders (Asset Cap)
Federal Reserve February 2, 2018 Consent Orders (Asset Cap) – Covid Modification
OCC April 20, 2018 Compliance Risk Management Consent Orders
CFPB April 20, 2018 Compliance Risk Management Consent Orders

Other Timelines

As we began our search for information for our timeline, we found several smaller-scale timelines:

ABC News: Timeline of the Wells Fargo Accounts Scandal
McCall: Timeline: How the Wells Fargo scandals unfolded
CNN: Wells Fargo timeline: Bank’s 17-month nightmare
Yahoo! Finance: Wells Fargo scandals: The complete list
Congressional Research Services: Wells Fargo—A Timeline of Recent Consumer Protection and
Corporate Governance Scandals

Court Cases

Information about related court cases:

Buckley Firm: Jabbari vs. Wells Fargo Complaint
Keller Rohrback: Jabbari vs. Wells Fargo
Casetext: Hefler v. Wells Fargo

Various Articles

In our research for account scandal sources, we also found these articles helpful:

Wall Street Journal: In Tribute to Wells, Banks Try the Hard Sell
Los Angeles Times: Wells Fargo’s pressure-cooker sales culture comes at a cost
Vanity Fair: How Wells Fargo Cutthroat Corporate Culture Allegedly Drove Bankers to Fraud
Wolters Kluwer: Regulators uncertain of Wells Fargo’s compliance with consent orders

Wells Fargo Additional Information

Wells Fargo Update: Federal Reserve Consent Order Presentation
Independent Directors of the Board of Wells Fargo Sales Practices Investigation Report