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Wells Fargo will be fined $1 billion

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Wells Fargo Bank
Wells Fargo Bank
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US regulators are close to slapping Wells Fargo with a $1 billion fine for forcing customers into car insurance and charging mortgage borrowers unfair fees.

The hefty penalty will be announced as early as Friday by the Consumer Financial Protection Bureau and the Office of the Comptroller of the Currency, according to a person familiar with the enforcement action.

It will be the harshest action taken by the Trump administration against a Wall Street bank.

Read the rest of the story HERE:

At money.cnn.com

 

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DFA organizer, Democratic Precinct Committee Officer, writer, and programmer. My op-ed pieces have appeared in the Seattle Times, the Seattle Post-Intelligencer, and elsewhere. See http://WALiberals.org and http://TruthSite.org for my writing, my (more...)
 
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