Wells Fargo's violations and penalties include:

Opening deposit accounts and transferring funds without authorization: Employees opened roughly 1.5 million unauthorized deposit accounts. Employees then transferred funds from consumers' authorized accounts to fund the new, unauthorized accounts temporarily. This widespread practice gave the employees credit for opening the new accounts, allowing them to earn additional compensation and to meet the bank's sales goals. Consumers, in turn, were sometimes harmed because the bank charged them for insufficient funds or overdraft fees because the money was not in their original accounts.

Applying for credit card accounts without authorization: Wells Fargo employees applied for roughly 565,000 unauthorized credit card accounts. On those unauthorized credit cards, many consumers incurred annual fees, as well as associated finance or interest charges and other fees.

Issuing and activating debit cards without authorization: Wells Fargo employees requested and issued debit cards without consumers' knowledge or consent, going so far as to create PINs without telling consumers.

Creating phony email addresses to enroll consumers in online-banking services: Wells Fargo employees created phony email addresses not belonging to consumers to enroll them in online-banking services without their knowledge or consent.

Paying full refunds to consumers: Wells Fargo must refund all affected consumers the sum of all monthly maintenance fees, nonsufficient fund fees, overdraft charges, and other fees they paid because of the creation of the unauthorized accounts. These refunds expected to total at least $2.5 million. Consumers are not required to take any action to get refunds to which they are entitled.

Ensuring proper sales practices: Wells Fargo must hire an independent consultant to conduct a thorough review of its procedures. Recommendations may include requiring employees to undergo ethical-sales training and reviewing the bank's performance measurements and sales goals to make sure they are consistent with preventing improper sales practices.

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CFPB Fines Wells Fargo $100 Million for Unauthorized Account Openings