Worried about fake bank accounts in your name? Here's what you need to know

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Wells Fargo scandal explained

Wells Fargo customers are still reeling from the news that fraudulent accounts may have been opened in their names without their permission. But the reality is it can happen to anyone.

In early September, regulators hit Wells Fargo with $185 million in fines for creating millions of fake bank and credit card accounts from 2011-2015.