Wells Fargo will pay $185 million in penalties following accusations the bank opened deposit accounts and credit cards for customers without their permission. The Consumer Financial Protection Bureau says bank employees opened more than 2 million accounts that may not have been authorized. The motive, according to regulator, was to hit sales targets and compensation incentives.

Wells Fargo said in a statement, quote, "We regret and take responsibility for any instances where customers may have received a product that they did not request." But the bank did not legally admit or deny wrongdoing as part of the settlement.