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LA City Attorney details lawsuit against Wells Fargo
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May 5, 2015
Listen 8:39
LA City Attorney details lawsuit against Wells Fargo
The city of Los Angeles is suing Wells Fargo Bank for allegedly fostering a culture in which employees frequently opened bogus customer accounts.
A woman walks by a damaged Wells Fargo branch in downtown Oakland, California on May 02, 2015. Hundreds marched throughout the city on May 1 to mark International Workers' Day vandalizing store fronts, smashing windows and lighting a car on fire before eventually dispersing.    AFP PHOTO/JOSH EDELSON        (Photo credit should read Josh Edelson/AFP/Getty Images)
A woman walks by a damaged Wells Fargo branch in downtown Oakland, California on May 02, 2015.
(
Josh Edelson/AFP/Getty Images
)

The city of Los Angeles is suing Wells Fargo Bank for allegedly fostering a culture in which employees frequently opened bogus customer accounts.

The city of Los Angeles is suing Wells Fargo Bank for allegedly fostering a culture in which employees frequently opened bogus customer accounts.

The suit alleges Wells put so much pressure on its staff that quotas were met by signing up customers for additional accounts they never authorized.

If you are a Wells Fargo customer and have noticed unusual activity with your account, call the City Attorney’s office at 213 978 8359.

Guests:

Mike Feuer, City Attorney of Los Angeles

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