Senators seek Labor Department probe of Wells Fargo
The Labor Department has been asked by eight US senators to investigate Wells Fargo following a civil suit that ended in the bank paying $190 million. Employees of Wells Fargo had opened over 2 million credit card accounts that may not have been authorized. The senators want the Labor Department to investigate if the bank violated wage and working hour laws when it neglected to pay overtime to employees who would stay after hours in order to meet their sales quotas. This comes as the Consumer Financial Protection Bureau issued a complaint that Wells Fargo’s system financially rewarded employees opening new accounts. Federal investigators are also launching a criminal investigation against the US Bank.
See "Senators seek Labor Department probe of Wells Fargo", Sarah N. Lynch, Reuters, September 23, 2016