CITY ATTORNEY MIKE FEUER STATEMENT ON $1-BILLION FINE LEVIED AGAINST WELLS FARGO

Updated: Feb 25

"Wells Fargo's epic failure to play by the rules (our original lawsuit over unauthorized accounts was just the beginning) displays a culture that repeatedly elevates corporate profits over consumer interests. The fine announced today sends a strong message to Wells, and the entire banking industry, that the rules and consumers matter. It's long past time that Wells got that message."