Los Angeles sues Wells Fargo

Associated Press

LOS ANGELES

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. The civil complaint filed Monday contends Wells Fargo violated state and federal laws by misusing confidential information and failing to notify customers when personal information was breached, attorney Mike Feuer said at a Tuesday news conference.