Wells Fargo & Co. will pay $1 billion to settle U.S. probes into their FRAUDS, AGAIN & AGAIN! FFS!

Baz Ares

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Feb 2, 2017
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Wells Fargo & Co. will pay $1 billion to settle U.S. probes into mistreatment of consumers, the largest sanction of a U.S. bank under President Donald Trump, as the firm tries to resolve a year and a half of scandals across its operations.



The bank will pay $500 million in penalties each to the Consumer Financial Protection Bureau and the Office of the Comptroller of the Currency, according to a statement Friday from the CFPB. Wells Fargo warned shareholders last week it would soon face a fine of that size, which it will book retroactively in the first quarter. The bank remains under a Federal Reserve penalty that bans growth in total assets.



The settlement covers issues in Wells Fargo’s auto-lending and mortgage units. The bank revealed last year that it had forced unwanted insurance on customers who took out car loans, prompting investigations by U.S. and California regulators. It was also accused of imposing inappropriate charges for locking in interest rates on new home loans. Wells Fargo Fined $1 Billion Over Consumer-Business Missteps


:wtf:Was not the many other frauds not enough to lose all consumer business? Was not getting all regulations reversed almost on banking laws from Dood/Frank enough? Was not the new 2017 Tax Scam BS RAID of the middle class for the 1%er Criminal banks enough?

DON'T BE A VICTIM.
MOVE YOUR MONEY.
LEAVE WELLS FARGO NOW.
 
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Too Numerous to Count! Fraud, Contrived Fees,
Fee Gouging, Predatory Lending, Illegal Foreclosure,
Loan Modification Denial, Phony Account Generation, etc.

btw: I feel this only happen under the Great Douch Admin. was they
did not make Loans to the Great Douche.

FFS! Even Wells Fargo knows the Real Facts. The Great (excels with 4 Bankruptcy's defrauding the bank criminals) Douche,
was a Bigger Criminal Predator, than THEM!
 

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