This is a latimes.com article.
City and federal officials have reached a settlement of at least $150 million with Wells Fargo over allegations that the bank’s employees, driven by strict sales quotas, regularly opened new accounts for customers without their knowledge.
The settlement, according to documents reviewed by The Times, calls for the San Francisco banking giant to pay $50 million in penalties to local officials and to compensate account holders for fees related to bogus accounts, though the bank will not admit any wrongdoing.
PiggyBankBlog Courtroom Bailiff: “All Rise! The Honorable Wells Fargo Whistleblower Elizabeth Jacobson has entered the Courtroom of Public Opinion in recent PiggyBankBlog Court of Public Opinion Radio Interview!”