Wells Fargo troubles shift from phony bank accounts to real ones

Reuters ------- After paying customers millions of dollars for opening phony accounts they did not want, Wells Fargo & Co (WFC.N) has said it is now grappling with the possibility it harmed customers by closing real accounts they needed, leaving them without access to funds. Wells, the third-largest U.S. bank, disclosed in a regulatory filing on Aug. 4 that the Consumer Financial Protection Bureau (CFPB) is looking into the matter, one of many regulatory probes the bank faces over its treatment of depositors and borrowers. A Reuters review of the regulator's complaints database found several instances of customers reporting financial hardship in recent years after Wells Fargo unexpectedly froze or closed their accounts. To learn more click on the picture below to read the article.