#regulators

Why do Regulators even take us seriously?

The solution is clearly more layoffs.

is when the regulators start looking at how employers ignore honest feedback from AI.

better keep those records.

The OCC encourages people that work at a covered bank to file a complaint when they believe that bank is not adhering to a consent order. Over the past year there have been Compliance, KYC, and Risk credit approvers let go. Those were the exact areas the CO said Citi had to strengthen. Just not sure filing complaint will make any difference. Or maybe worthwhile just to give Citi a headache???

Is the company leveraging AI to show how much additional work offshoring has caused onshore employees? Is the company suppressing the results to appease shareholders? How much bad manipulation of AI is going on behind the scenes? There are gatekeepers who know what's up. When will the financial regulators compare AI outputs with what's being reported publicly? Especially in the AML area, are people looking the other way?

The Federal Reserve Board on Thursday confirmed the termination of a 2018 consent order against Wells Fargo (WFC).

Under the 2018 enforcement action, the bank was required to demonstrate improvements to its governance and risk management program and complete two third-party reviews of the improvements.

Also, the regulator had imposed an asset cap, which was removed in 2025.

The consent order was placed on the company in punishment for the fake-account scandal and other deceptive sales practices that came to light in 2016.

The banking giant is said to have pursued a business strategy that prioritizes growth without ensuring appropriate management of all key risks. Wells Fargo did not have an effective firm-wide risk management framework in place that covered all key risks.

In response, the board had said it will restrict growth of the firm until WFC sufficiently improves its governance and controls.

The 2018 consent order was the only remaining consent order against the San Francisco-based bank.

https://seekingalpha.com/news/4561367-fed-board-ends-2018-enforcement-action-against-wells-fargo

Seems for operations, they have to wait for the on site audits to complete and March membership numbers/projections since the end of the subsidies. They can’t show to regulators they are riffing people when we don’t meet TAT

across data and risk managemnent. Reuters quotes that Citi thinks only ticking the box work is left for consent order especially with data. Though the OCC committee has to agree with the work done by Citi and this committee has appointees from both political parties, they might just give it given the overall direction of regulations under the present admin.

What this will mean....obviously layoff's. In any case, Nawani's org size is beyond control. It's still a pretty cr@ppy market...those in such roles should dust out their resumes and start applying/activating network

What an inordinate amount of training. There's 1-2 literally due every week. Sometimes it's 6-7 per month. In Dec alone, I have done 6 so far. No one learns anything like this. Some id--t somewhere is checking the boxes, and the entire firm is going along with it. What is this show for? Regulators? I've been at other banks. No one has such a busy training schedule

Why THE U.S. DOJ “REFUSES TO PROSECUTE BOEING

Boeing Just Got Off The Hook, "For Good!" Why Boeing Goes Free,
But No Justice For "PAX" Families.

While we were busy with the UPS Cгash last week,
Boeing was busy getting out of jail free.
And THIS TIME it's for GOOD!
The Judge said his hands are tied as the family tried to appeal;
however, the DOJ may be too big to fight this time.

Criminal Government, Criminal Corporations:
It’s the only scenario that fits, and the facts are objectively observable.

U.S. Senator Josh Hawley goes after Boeing management again.
Just sound bites;
With no action against Boeing's depraved indifference to human life.
https://www.youtube.com/watch?v=HAc5Hk5DGSU

@OP+1uVO2Zfr --- Boeing Does Noting to Overt Disaster

@vzv+1ufCm6bE --- It’s Far Worse Than A Simple Disgrace

@OP+1uIN9Fhl --- Boeing’s Self Inflected DeatҺ Spiral

Simultaneously, a separate investigation by the U.S. Senate is examining the company’s financial forecasting practices. Democratic senators are specifically seeking information about former CEO Frank Bisignano’s involvement in developing the allegedly inflated financial projections

There are numerous things imperial has done that have not gained the media attention it should.

Start editing their wikipedia page. Create a category called “spills” and “regulatory issues”. Make sure everything is verifiable facts, and of course don’t share any information that could get you in hot water.

Remember its anonymous! (But not impossible to track to you)

Last exec got off without fines. New scandals will emerge.

Credit:

https://www.wsoctv.com/news/local/former-wells-fargo-exec-cleared-10m-penalty-fake-accounts-scandal/EYNGAX75E5FYPNA5CBSCWH2PZE/

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Former Wells Fargo exec cleared of $10M penalty in fake accounts scandal

• Caption

By WSOCTV.com News Staff
October 24, 2025 at 3:52 pm EDT
CHARLOTTE — A former Wells Fargo executive, once ordered to pay $10 million for her role in the bank’s fake sales accounts scandal, will now pay nothing.

ALSO READ: Wells Fargo installs new lights on Uptown building, shows special features

According to the Charlotte Observer, federal regulators have settled with Wells Fargo’s former risk officer, Claudia Russ Anderson.

The scandal involved thousands of employees opening millions of unauthorized accounts.

In total, regulators collected more than $430 million in fines from other executives.

The OCC's effort to hold former Wells Fargo executives accountable for the bank's fake-accounts scandal — which relied on charges brought in the administrative law system — has ended with barely a whimper.

https://www.americanbanker.com/news/occ-settles-its-last-remaining-wells-fargo-case-for-0

https://www.wsj.com/finance/regulation/massmutual-sec-probe-63d73f31?mod=hp_lead_pos10

Regulators Are Investigating MassMutual’s Accounting Practices
SEC is focused on how the insurer accounts for income on billions of dollars of loans

Let’s discuss what OCC and FRB should be made aware of.

https://www.exchange4media.com/advertising-news/tlg-india-contests-cci-antitrust-summons-says-publicis-groupe-not-a-legal-entity-146903.html

TLG India Pvt Ltd, the Indian arm of French advertising giant Publicis Groupe, has filed a petition in the Delhi High Court challenging the Competition Commission of India’s (CCI) investigation into alleged anti-competitive practices in the advertising industry. The core argument is that the CCI proceedings wrongly name “Publicis Groupe” as the entity under investigation, whereas Publicis Groupe is a brand name and trademark, not a registered legal entity or enterprise under the Competition Act. TLG India argues it is the proper legal entity to be named.

The petition accuses the CCI of arbitrary action, failure to provide access to critical case records despite formal requests, and procedural unfairness that hinders TLG India’s ability to mount a defense. Notably, the investigation followed dawn raids on major advertising companies amid suspicions of price-fixing and collusion regarding publicity rates and discounts. TLG India contends that the CCI failed to identify the appropriate entity and violated principles of natural justice by denying inspection of case files. The company seeks the quashing of summons issued to “Publicis Groupe South Asia,” which they claim does not even exist as a registered entity, and substitution of TLG India as the proper party.

The case highlights significant legal and procedural issues around how investigations are conducted under Indian competition law, especially when multinational groups operate through various legal entities and brand names. Publicis’ legal challenge also includes complaints that CCI’s denial of access to investigation files violates fundamental rights and due process. The Delhi High Court has issued notices to the CCI and scheduled further hearings in October 2025. The wider probe into price-fixing involves other major agencies including WPP’s GroupM, Dentsu, Omnicom, and industry bodies.

Not a good look. Its getting a lot of bad mentions on social media. This is probably why they wanted employees to be social media "advocates". (Cue eye roll.)

You want regulators and Congress after you, DC? This is the way.

I left this company a long time ago for a tech company, and remained a customer of this bank.

After a very lengthy, confusing, and almost incoherent call with a Wells Fargo employee recently regarding my investment accounts. I was left with more questions than I have answers. Not only could the individuals not assist me, It felt like they were following a script. No answers were provided, and My buy order was never placed. Just left a very sour taste in my mouth and led me to some other questions.

I hope this was a one off experience, But doubt that based on the employees I spoke with coinciding with the banks reputation Of being a habitual offender. It made me wonder who is looking at My personal information, specifically account activity, and info?

It was very difficult to understand these employees which makes me think they are not located in the states. it seemed each employee I spoke with had a different answer, even though I was asking the same question. Furthermore, if in fact, these employees I speak with are not located in the states I don’t feel comfortable with them reviewing my personal information, along with my investment account information.

It bothered me enough to where I had to do a little research and came across this site. let’s just say I am appalled, and conflicted at this company’s business practices or lack there of. Once I hung up, I could not help but wonder who is reading this information and how are they able to provide support if they are offshore?

It seems as if there is no risk or control framework in place that protects stateside customers. I felt very uncomfortable having to verify my information to someone from a Third World country where fraud is rampant, and supporters of Russia.

After reading the comments on this site. I am convinced that customers data is visible too all employees outside of the USA? After reviewing the comments on this site. It sure seems that way. I mean, how else would the employees I spoke with verify my information? Does this company not have any sort of information barriers or data governance policies in place? Another big concern of mine is, why am I speaking with someone located out of the states, supports Russia, and barely speaks English yet has a name like chuck.

I find it shocking, unethical, and risking customers information here in the states To save on labor costs when those savings will be paid to regulatory violations, if this bank is truly not protecting their customer data.

The sentiment alone on this site paints a picture of how risky it is. It really seems like there are disgruntled, employees, offshore, and stateside, and nobody knows what they are talking about.

I have been banking with this company for years But after my most recent call with this company, I find it too risky to continue doing business with them. I was never provided an answer to any questions, my buy order was never placed, and now it seems Offshore employees who support Russia’s war effort had full access to my information.

This is completely unacceptable! As a customer, and stakeholder, I am appalled! This has to be the most riskiest operating model I have ever Come across. I am not comfortable with my information, going offshore, especially information related to my investment and retirement accounts.

This experience coinciding with the recent report of the stress test, I Will be moving my money to a more secure institution. It has been many years since I had worked at this company But this is just risky, unethical, and morally wrong. When I hang up the phone with someone who has my sensitive information and access to my accounts, it made me lose sleep.

My next phone call will be me instructing them to move my money to another account at another company.

It’s a shame that this company has sacrificed talent for cheap labor. Let’s not forget they are also supporting an economy that is not the United States. It’s easy enough for me to take my business elsewhere. For a company that is trying to rebuild its reputation yet continues to be a habitual offender on regulatory matters, I guess my risk appetite is not as big as theirs. or they are just stupid! Spread the word, I know I will. Where the heck are the regulators?

#SEC
#WFC
#Ethics
#FutureEnron
#2025
#2024
#REGULATORS!
#Loopholes
#Anti-American
#Investing
#Banking
#CFPB
#OCC
#WellsFargoBank