Friday, September 9, 2016

CFPB levies $100 million fine against Wells Fargo

The Consumer Financial Protection Bureau levied the largest fine in its history — $100 million — against Wells Fargo Thursday for the “widespread unlawful” practices of employees who opened more than 2 million fake depository and credit accounts to get sales bonuses. These accounts, opened under existing customers’ names without their knowledge, often racked up fees or other charges. http://www.housingwire.com/articles/37993-cfpb-levies-100-million-fine-against-wells-fargo ❤️ #share #mortgage



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