OCC Imposes Civil Money Penalties Against Three Former ...
1 day ago · Claudia Russ Anderson: Community Bank Group Risk Officer: Prohibition Order and $10,000,000 Civil Money Penalty (CMP) David Julian: Chief Auditor: Personal Cease & Desist Order and $7,000,000 CMP: Paul McLinko: Executive Audit Director: Personal Cease & Desist Order and $1,500,000 CMP
3 ex-Wells Fargo execs fined $18.5M over fake-accounts scandal
8 hours ago · 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, saying she failed, between 2013 and 2016, to credibly challenge an incentive program at the bank that the regulator found encouraged sales staff to create bank accounts ...
Ex-Wells Fargo Executives Face Millions in Fines for Misconduct
1 day 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.
Ex-Wells Fargo Executives Face Millions in Fines for ...
1 day 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 ...
US bank regulator fines three former Wells Fargo executives ...
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 ...
OCC Fines Ex-Wells Fargo Execs $18.5M For Sales Practices
17 hours ago · Russ Anderson was ordered to pay the largest penalty of $10 million, while Julian and McLinko were ordered to pay penalties of $7 million and $1.5 million, respectively. Hsu also imposed a banking ...
OCC judge recommends $18.5M in fines for 3 ex-Wells Fargo ...
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.
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