⚖Wells Fargo Fined $1 Billion Over Mortgage And Auto Loans

By Guilty, litigation

⚖Wells Fargo Fined $1 Billion Over Mortgage And Auto Loans

Wells Fargo Bank has agreed to pay up to a billion dollars to settle allegations that it overcharged people for auto and mortgage loans, among other things.

The fines were imposed by the Office of the Comptroller of the Currency, and the Consumer Financial Protection Bureau, marking the first major action against a bank by the Trump administration.

NPR

https://www.npr.org/2018/04/20/604423865/wells-fargo-fined-1-billion-over-mortgage-and-auto-loans

Wells Fargo hit by record $1bn penalty – BBC News

http://www.bbc.com/news/business-43834511

Wells Fargo Bank Hit With $1 Billion Fine Over Auto Insurance, Mortgage Practices

http://www3.ambest.com/ambv/bestnews/newscontent.aspx?AltSrc=23&RefNum=207955

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