Wells Fargo is set to pay $ 185 m for its illegal accounting practices , exposed during a lawsuit by an established Wells Fargo customer in 2013 . These practices include the opening of duplicate accounts and credit cards agreements by its employees to meet high quotas for payments in 2013 . The fine includes $ 100 m to be paid to the Consumer Financial Protection fund ( CFPB ) , the largest of its kind to be paid ; $ 35 m to be paid to the Comptroller of the Currency ( OCC ) ; and $ 100 m to be paid to the treasurer and County of Los Angeles .
Wells Fargo is set to pay $185m for its illegal sales practices, exposed during a lawsuit by an established Wells Fargo customer in 2013. These practices included the opening of duplicate accounts and credit cards agreements by its employees to meet high quotas for sales in 2013. The fine includes $100m to be paid to the Consumer Financial Protection Bureau (CFPB), the largest of its kind to be paid; $35m to be paid to the Comptroller of the Currency (OCC); and $50m to be paid to the City and County of Los Angeles.