Wells Fargo is facing criticism from US regulators , due to the fact that the bank received commission on mortgage insurance policies it forced onto over half a million customers , according to Reuters . Last July , Wells Fargo said that a third - party vendor was responsible for imposing the insurance . However , the bank failed to confirm that it received payouts for such policies . credit Fargo has recently experienced a number of scandals relating to its treatment of customers , including those concerning false advertising and improper registration fees .
Wells Fargo is facing sanctions from US regulators, due to the fact that the bank received commission on auto insurance policies it forced onto over half a million customers, according to Reuters. Last July, Wells Fargo said that a third-party vendor was responsible for imposing the insurance. However, the bank failed to disclose that it received payouts for such policies. Wells Fargo has recently experienced a number of scandals relating to its treatment of customers, including those concerning false accounts and improper mortgage fees.