Federal authorities said Wednesday that Carrie Tolstedt, the former head of Wells Fargo's community banking division, has agreed to plead guilty to obstructing regulators' probe of the banking giant's past sales practices misconduct and pay a related $17 million civil penalty. ---------- Forwarded message --------- From: Banking Law360 Date: Wed, Mar 15, 2023, 3:04 PM Subject: BREAKING: Ex-Wells Fargo Retail Bank Head Pleads Guilty, Fined $17M To: Federal authorities said Wednesday that Carrie Tolstedt, the former head of Wells Fargo's community banking division, has agreed to plead guilty to obstructing regulators' probe of the banking giant's past sales practices misconduct and pay a related $17 million civil penalty. [image: Law360 US] https://www.law360.com/banking?nl_pk=18419650-a93f-42ac-aefb-969852c4f61f&utm_source=newsletter&utm_medium=email&utm_campaign=banking&utm_content=1586384 BREAKING NEWS WEDNESDAY, MARCH 15, 2023 [image: Law360 iOS App] https://itunes.apple.com/us/app/law360-legal-news-analysis/id934560389 [image: Law360 Android App] https://play.google.com/store/apps/details?id=com.law360_native [image: Follow Law360 on Facebook] https://facebook.com/Law360 [image: Follow Law360 on LinkedIn] https://www.linkedin.com/company/law360 [image: Follow Law360 on Twitter] https://twitter.com/BankingLaw360 ------------------------------ https://sli.law360news.com/click?s=734107&li=7&m=9f998b7695d367427670a5642cdeda35&p=64120e93aff293d46dce0f30 https://sli.law360news.com/click?s=734108&li=7&m=9f998b7695d367427670a5642cdeda35&p=64120e93aff293d46dce0f30 https://sli.law360news.com/click?s=734110&li=7&m=9f998b7695d367427670a5642cdeda35&p=64120e93aff293d46dce0f30 BREAKING: Ex-Wells Fargo Retail Bank Head Pleads Guilty, Fined $17M https://www.law360.com/banking/articles/1586384?nl_pk=18419650-a93f-42ac-aefb-969852c4f61f&utm_source=newsletter&utm_medium=email&utm_campaign=banking&utm_content=1586384&nlsidx=0&nlaidx=0 By Jon Hill Federal authorities said Wednesday that Carrie Tolstedt, the former head of Wells Fargo's community banking division, has agreed to plead guilty to obstructing regulators' probe of the banking giant's past sales practices misconduct and pay a related $17 million civil penalty. 1 document attached | Read full article » https://www.law360.com/banking/articles/1586384?nl_pk=18419650-a93f-42ac-aefb-969852c4f61f&utm_source=newsletter&utm_medium=email&utm_campaign=banking&utm_content=1586384&read_more=1&nlsidx=0&nlaidx=0 https://sli.law360news.com/click?s=734127&li=7&m=9f998b7695d367427670a5642cdeda35&p=64120e93aff293d46dce0f30 https://sli.law360news.com/click?s=734128&li=7&m=9f998b7695d367427670a5642cdeda35&p=64120e93aff293d46dce0f30 https://sli.law360news.com/click?s=734130&li=7&m=9f998b7695d367427670a5642cdeda35&p=64120e93aff293d46dce0f30 https://sli.law360news.com/click?s=734143&li=7&m=9f998b7695d367427670a5642cdeda35&p=64120e93aff293d46dce0f30 https://sli.law360news.com/click?s=734144&li=7&m=9f998b7695d367427670a5642cdeda35&p=64120e93aff293d46dce0f30 https://sli.law360news.com/click?s=734146&li=7&m=9f998b7695d367427670a5642cdeda35&p=64120e93aff293d46dce0f30 ------------------------------ https://sli.law360news.com/click?s=734135&li=7&m=9f998b7695d367427670a5642cdeda35&p=64120e93aff293d46dce0f30 https://sli.law360news.com/click?s=734136&li=7&m=9f998b7695d367427670a5642cdeda35&p=64120e93aff293d46dce0f30 https://sli.law360news.com/click?s=734138&li=7&m=9f998b7695d367427670a5642cdeda35&p=64120e93aff293d46dce0f30 Not sure if your firm subscribes? Ask your librarian. We hope you found this message to be useful. However, if you'd rather not receive future emails of this sort, you may unsubscribe here https://www.law360.com/unsubscribe?k=18419650-a93f-42ac-aefb-969852c4f61f. Please DO NOT reply to this email. For customer support inquiries, please call +1-646-783-7100 or visit our Contact Us https://www.law360.com/about/contact page. Privacy Policy https://www.law360.com/privacy_policy | Cookie Policy https://www.law360.com/cookie_policy Law360 | Portfolio Media, Inc, 111 West 19th Street, 5th Floor, New York, NY 10011