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Friday, August 3, 2018

WELLS FARGO FINED OVER 1 BILLION IN FINES

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HOW WELLS FARGO INFECTED
MEDFORD POLITICS


Wells Fargo fined $1 billion for insurance and mortgage abuses


money.cnn.com/2018/04/20/news/companies/wells-fargo...auto...fine/index.html

Apr 20, 2018 - Wells Fargo was fined $500 million by each agency. It will need to pay its penalty to the consumer watchdog within 10 days. The OCC did not specify a payment deadline. Such a large fine is noteworthy for the CFPB under Mick Mulvaney, the acting director appointed by President Trump.\


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Wells Fargo to pay $2.09 billion for misrepresenting loan quality

1:53 PM ET Wed, 1 Aug 2018
CNBC's Dominic Chu reports the latest on the announcement from the U.S. Attorney's office that Wells Fargo has been fined $2.09 billion in relation to loans sold pre-financial crisis.