00:03, 27 May 2008 Page views 434 views

Wachovia Bank will have to Compensate for the Third Party Fraud

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After an 18-month investigation the US Comptroller of the Currency (OCC) has ordered Wachovia Bank (Philadelphia, USA) to compensate the damage caused to the consumers as a result of its cooperation with a number of third party telemarkers and payment processors. The declared sum of compensation is 125 million US dollars.

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