Los Angeles sues Wells Fargo, alleging fraud by employees

Wells Fargo Bank employees driven by strict sales pressure issued unwanted credit cards and opened unauthorized accounts that charged customers fees and damaged their credit, according to a lawsuit filed by the city of Los Angeles.

Filed Monday, the civil complaint alleges the largest California-based bank violated state and federal laws by illegally using confidential information and failing to tell customers when that information was breached, according to Fox News.

Wells Fargo said it will defend itself, claiming a few rogue employees who engaged in the practices were disciplined or fired.

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