Describe an action a regulatory agency took against a business in the past 6 months. Post a link to your source. Do you agree or disagree with the action? Explain your reasoning and support it with the materials from this week.

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The action taken by the US Justice Department focused on the fake accounts run by this organization and not on the lawsuits filed by employees on mistreatment, client borrowers, or even homebuyers that have been the recorded cases. A deferred prosecution agreement was involved in legal proceedings to resolve the criminal actions of falsifying bank records and running fake accounts. Under this agreement, Wells Fargo is not to be prosecuted for the next three years if only it abides by specific conditions that include further continued investigations. Furthermore, the organization reached a civil settlement with the government over its fraudulent activities $3 billion fine covering for the three investigations.

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