Reaches $4 Million
DOJ
Fraud
Penalty
$4.1 million
Outcome
Justice Department Reaches $4 Million Settlement with Wells Fargo Dealer Services for Illegally Repossessing Servicemembers’ Cars
Details
Reaches $4 Million — DOJ Enforcement (2016)
DOJ took enforcement action against Reaches $4 Million in CA in 2016 involving fraud violations in the Community Banks / Credit Unions sector.
Penalty: $4.1 million
Violation types: Fraud
Entity type: Financial Institution
Penalty type: Settlement
Location: CA
Source: DOJ Press Release — Justice Department Reaches $4 Million Settlement with Wells Fargo Dealer Services for Illegally Repossessing Servicemembers’ Cars
How Crucible Prevents This
Crucible's compliance monitoring for Community Banks / Credit Unions would have detected the patterns underlying this enforcement action.
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