Tag Archives: cross selling

NYAG Wells Cross-Sale Disclosure

On Oct. 22, NYAG fined Wells $65mn for misleading cross-sell. Wells Fargo to pay $65mn settlement for misleading investors cross-sell scandal. Follows CFPB, OCC Sep. 2016 $135mn Wells fine re secret accounts. Cross-Selling Violations Due to strict, unrealistic goals, employees engaged in fraudulent sales practices. Wells Fargo employees opened millions of fake deposit and credit…
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