NEW YORK (AP) — “Federal regulators plan to fine Wells Fargo as much as $1 billion as early as Friday for abuses tied to its auto-lending and mortgage businesses, The New York Times and other news outlets reported, citing unnamed sources. The potential $1 billion fine would be largest ever imposed by the Office of the Comptroller of the Currency, the bank's main national regulator, and the Consumer Financial Protection Bureau, the federal watchdog bureau set up after the Great Recession.”
Every time something like this happens, the settlement to those who were harmed is pennies on the dollar and the Federal Government scores big. They weren't the ones hurt by Wells Fargo's business practices, yet they steal the money for themselves. I for one am tired of their practices.
Please contact your representatives and tell them you want everything paid out to the victims less the costs of any third parties the government needs to pay to help with the investigation and any prosecutions. Thanks!
Every time something like this happens, the settlement to those who were harmed is pennies on the dollar and the Federal Government scores big. They weren't the ones hurt by Wells Fargo's business practices, yet they steal the money for themselves. I for one am tired of their practices.
Please contact your representatives and tell them you want everything paid out to the victims less the costs of any third parties the government needs to pay to help with the investigation and any prosecutions. Thanks!
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