1 FRANCE, MONGOLIA EXPAND CIVIL SECURITY AND EMERGENCY RESPONSE COOPERATION WWW.THEDIPLOMAT.COM PUBLISHED:2025/07/22      2 MONGOLIA'S PRESIDENT CALLS KYRGYZSTAN IMPORTANT PARTNER IN CENTRAL ASIA WWW.XINHUANET.COM PUBLISHED:2025/07/22      3 KYRGYZ-MONGOLIAN STRATEGIC DIALOGUE STRENGTHENED BY 13 NEW MULTISECTORAL ACCORDS WWW.QAZINFORM.COM  PUBLISHED:2025/07/22      4 MAVEN WIRELESS EXPANDS SALES TO MONGOLIA – SECURES ORDER IN THE MINING INDUSTRY WWW.MAVENWIRELESS.COM PUBLISHED:2025/07/22      5 PRESIDENT OF MONGOLIA ARRIVES IN THE KYRGYZ REPUBLIC FOR A STATE VISIT WWW.MONTSAME.MN PUBLISHED:2025/07/21      6 MONGOLIAN ROAD NETWORK REACHES 112,000 KILOMETERS WWW.MONTSAME.MN PUBLISHED:2025/07/21      7 ANCIENT TOMB UNEARTHED IN SELENGE PROVINCE WWW.UBPOST.MN PUBLISHED:2025/07/21      8 NEW TRANSPORT AND LOGISTICS ROUTE TO BE ESTABLISHED WWW.MONTSAME.MN PUBLISHED:2025/07/21      9 THE WORLD’S FIRST NATIONAL PARK ISN’T IN THE US. IT’S IN MONGOLIA WWW.CNN.COM PUBLISHED:2025/07/21      10 MONGOLIAN TEAM WINS SIX MEDALS AT INTERNATIONAL MATHEMATICAL OLYMPIAD WWW.MONTSAME.MN PUBLISHED:2025/07/21      МОНГОЛ УЛС БҮГД НАЙРАМДАХ КИРГИЗ УЛСТАЙ “ИЖ БҮРЭН ТҮНШЛЭЛ”-ИЙН ХАРИЛЦАА ТОГТООЛОО WWW.ITOIM.MN НИЙТЭЛСЭН:2025/07/22     НҮБ: МОНГОЛ УЛСАД ХАР ТАМХИ ХЭРЭГЛЭГЧДИЙН ТОО 2030 ОН ГЭХЭД 43 ХУВИАР ӨСНӨ WWW.ITOIM.MN НИЙТЭЛСЭН:2025/07/22     "РИО ТИНТО" ГРУПП МОНГОЛЫН ЗАСГИЙН ГАЗАРТАЙ АНТРЕГИЙН АСУУДЛЫГ ХЭЛЭЛЦЭХ ШИНЭ ГҮЙЦЭТГЭХ ЗАХИРЛЫГ ТОМИЛОВ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/07/22     УЛСЫН ХИЛЭЭР ОРСОН ГАДААДЫН ЗОРЧИГЧИД, ӨМНӨХ ОНЫ МӨН ҮЕЭС 15.4 ХУВИАР ӨСЖЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2025/07/22     СТАТИСТИКИЙН БИЗНЕС РЕГИСТРИЙН САНД 270.8 МЯНГАН ХУУЛИЙН ЭТГЭЭД БҮРТГЭГДЖЭЭ WWW. НИЙТЭЛСЭН:2025/07/22     "ЭРДЭНЭС ТАВАНТОЛГОЙ" ХК-ИЙН БАЙГУУЛСАН ГЭРЭЭ БҮРИЙГ ШАЛГАНА WWW.ITOIM.MN НИЙТЭЛСЭН:2025/07/21     ОРОН СУУЦНЫ ҮНЭ 15.4 ХУВИАР ӨСЛӨӨ WWW.ITOIM.MN НИЙТЭЛСЭН:2025/07/21     МОНГОЛ УЛС КИРГИЗ УЛСТАЙ ИЖ БҮРЭН ТҮНШЛЭЛИЙН ХЭЛЭЛЦЭЭР БАЙГУУЛНА WWW.EAGLE.MN НИЙТЭЛСЭН:2025/07/21     АМ.ДОЛЛАРЫН ХАНШ 10 ТӨГРӨГӨӨР ӨСӨЖ 3,615 БОЛЛОО WWW.EAGLE.MN НИЙТЭЛСЭН:2025/07/21     БӨХЧҮҮДИЙН ДОПИНГИЙН ШИНЖИЛГЭЭНИЙ ХАРИУ ИРЖ, СЭЖИГТЭЙ ТОХИОЛДОЛ ИЛЭРСЭН ТУЛ БАТАТГАЖ БАЙНА WWW.EGUUR.MN НИЙТЭЛСЭН:2025/07/21    

US bank Wells Fargo fined $185m for opening illegal accounts www.bbc.com

The US' biggest bank Wells Fargo has been fined $185m for illegally opening accounts to boost sales targets.
The cash will go to regulators while the bank will also hand back $5m to customers.
The regulator accused it of "widespread illegal practice" around account openings, sales targets and compensation incentives.
"We regret instances where customers may have received a product that they did not request," the bank said.
The US Consumer Financial Protection Bureau (CSFB) announced the fine and said the bank must also hire an independent consultant for a review.
"Because of the severity of these violations, Wells Fargo is paying the largest penalty the CFPB has ever imposed," said Richard Cordray, director of the regulator.
Its investigation found that to meet sales targets and possibly gain more compensation bank workers had "illegally" signed up customers for more than 2 million deposit and credit-card accounts.
Employees also issued debit cards without customers' knowledge, even creating fake email addresses to unknowingly sign up consumers to online-banking services, the regulator said.
Wells Fargo said it set up an independent review of its sales practices dating back to 2011 and had taken "disciplinary actions, including terminations of managers and team members who acted counter to our values".


Published Date:2016-09-09