The Labor Department Is Launching a Review of All Wells Fargo Complaints
After numerous lawmakers, including Senator Elizabeth Warren, asked the Labor Department to investigate Wells Fargo’s labor practices last week, Labor Secretary Thomas Perez has vowed to take action.The Labor Department will be conducting a “top-to-bottom” investigation into Wells Fargo’s wage and and working-hour practices. There is concern that the bank’s tellers and sales representatives may have worked overtime to meet their quotas. Additionally, the Labor Department has launched a website, www.dol.gov/wellsfargo, to inform Wells Fargo’s employees of their rights and protections. A criminal investigation is being pursued by the Consumer Financial Protection Bureau after it was alleged that Wells Fargo financially rewarded employees for creating over 2 million unauthorized accounts and credit cards.
See "The Labor Department Is Launching a Review of All Wells Fargo Complaints", Fortune, September 28, 2016