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

Updated: Nov 13


"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."

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The Office of Mike Feuer

Los Angeles City Attorney

James K. Hahn City Hall East, Suite 800

Los Angeles, CA 90012 | 213-978-8100