Regulators Question Wells Fargo Regarding Data Breach

Wells Fargo again finds itself embroiled in controversy after an attorney releases the names, social security numbers, and account balances for 50,000 of the institution’s wealthier customers, according to a report in Bloomberg. The Financial Industry Regulatory Authority has contacted at least one attorney to learn more about the mishap, how it occurred, and why Wells Fargo did not detect the snafu, the report notes.

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