OCC Imposes Civil Money Penalties Against Three Former …
3 days ago · Claudia Russ Anderson: Community Bank Group Risk Officer: Prohibition Order and $10,000,000 Civil Money Penalty (CMP) David Julian: ... Executive Audit Director: Personal Cease & Desist Order and $1,500,000 CMP: The decision covering Ms. Anderson found that from 2013 to 2016, she failed to credibly challenge the bank’s incentive compensation ...
3 ex-Wells Fargo execs fined $18.5M over fake-accounts scandal
2 days ago · The Office of the Comptroller of the Currency on Tuesday fined three former Wells Fargo executives a total of $18.5 million in connection with the bank’s 2016 fake-accounts scandal.. The OCC banned Wells Fargo’s former community bank group risk officer, Claudia Russ Anderson, from working in the banking industry for life and gave her a $10 million penalty, …
Bank regulator fines three former Wells Fargo execs over fake …
1 day ago · The Office of the Comptroller of the Currency said Claudia Russ Anderson, the bank's former community bank group risk officer, would be fined $10 million and prohibited from working in the banking ...
Ex-Wells Fargo Executives Face Millions in Fines for Misconduct
2 days ago · The Office of the Comptroller of the Currency fined three former Wells Fargo & Co. executives, including community banking risk officer Claudia Russ Anderson, and banned them from the banking sector for misconduct and “unsafe or unsound” sales practices.. Anderson will pay $10 million, the OCC said Tuesday in a statement.Also fined were Chief Auditor David …
Ex-Wells Fargo Executives Face Millions in Fines for Misconduct
2 days ago · The Office of the Comptroller of the Currency fined three former Wells Fargo & Co. executives, including community banking risk officer Claudia Russ Anderson, and banned them from the banking ...
Ex-Wells Fargo Executives Face Millions in Fines for Misconduct
1 day ago · A 2020 investigation by the OCC concluded that the executives opened millions of unauthorized customer accounts.
OCC imposes civil money penalties against 3 former Wells Fargo ...
3 days ago · The enforcement actions are described in two written decisions issued by Acting Comptroller of the Currency Michael J. Hsu, covering Claudia Russ Anderson and jointly covering David Julian and ...
OCC judge recommends $18.5M in fines for 3 ex-Wells Fargo execs
Dec 8, 2022 · Christopher McNeil, an administrative law judge, said there was enough evidence to recommend fines of $10 million for Claudia Russ Anderson, the bank’s former community bank group risk officer; $7 million for David Julian, Wells’ former chief auditor; and $1.5 million for Paul McLinko, the bank’s former executive audit director.
RECOMMENDED DECISION – CLAUDIA RUSS ANDERSON . Temporarily Sealed until December 30, 2022 . What follows is the Administrative Law Judge’s recommended decision, recommended findings of fact, recommended conclusions of law, and proposed order in the matter of Claudia
Ex-Wells Fargo Execs Face Judge's Recommended $18.5 Million Fine
Dec 8, 2022 · Claudia Russ Anderson, the former group risk officer at Wells Fargo’s Community Bank, former chief auditor David Julian, and former executive audit director Paul McLinko failed to “identify and effectively address” problems spurred by inflated sales goals that led bank employees to create accounts for consumers without their knowledge ...
- Some results have been removed