Consumer financial protection bureau hit wells fargo & co (wfc. n) with the watchdog's largest ever civil penalty on. Verkkowells fargo has agreed to cease and desist from committing or causing any future violations of these provisions and to pay a civil penalty of $500. Verkkowells fargo has agreed to pay $35 million to settle charges that some of the bank's financial advisers charged excessive fees.

Verkkowells fargo overhauled its board of directors and management, paid more than a billion dollars in fines and penalties and spent eight years trying to.