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The OCC, in December 2017, completed a review of sales practices at more than 40 banks disclosing several instances of unauthorized account openings, American Banker reported, citing OCC spokesman Bryan Hubbard.
The probe comes after Wells Fargo & Co. was fined $185 million by regulators for opening fraudulent savings and checking accounts on behalf of the company's clients without their consent.
Following the completion of the review, the agency sent out final letters to participating banks earlier in 2018. The OCC...