The Wells Fargo scandal began unraveling in September 2016.Federal regulators divulged that Wells Fargo employees createdmillions of secret bank and credit card accounts without customerapproval. They received a $185 million fine and revealed that theyhad fired 5,300 employees because of the fraud. Fast forward to2018, the scandals continue to mount for this company.
Regulators have fined Wells Fargo for their unethical businesspractices. Do you believe that regulators have done enough to deterWells Fargo from repeating this behavior or do you believe thatregulators have failed and are allowing Wells Fargo to continue thestatus quo? What is your proposal? Support your answers by citingresearch on the case.
