This article is more than

    6 year old

    Wells Fargo fined $1 billion for insurance and mortgage abuses

    April 20, 2018 at 10:28
    Wells Fargo fined $1 billion for insurance and mortgage abuses
    Two federal regulators are fining Wells Fargo $1 billion for forcing customers into car insurance and charging mortgage borrowers unfair fees.

    The penalty was announced Friday by the Consumer Financial Protection Bureau and the Office of the Comptroller of the Currency. 

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

    Read More (...)

    Keywords
    Wells Fargo

    Newer articles

    In case you missed it
    Don’t use Venmo as your checking account

    Don’t use Venmo as your checking account

    <p>Apps like Venmo and Chime don&rsquo;t have fees. But they have bigger problems.</p>

    We are using cookies to give you the best experience on our website. By continuing to browse, you are agreeing to our Cookie Policy.
    You did not use the site, Click here to remain logged. Timeout: 60 second