Wells Fargo fined $1 Billion by CFPB for banking violations Corruption never ends

1 year ago
7

The criminal activity never ends Everyday a new bank or hedge fund getting caught robbing retail investors and the bad thing is the fine is usually only a small percentage of the gains from the illegal activities This is not a deterrent to the bad behavior Wells Fargo violated banking regulations related to mortgages and auto loans

https://www.reuters.com/business/finance/wells-fargo-under-pressure-cfpb-pay-over-1-bln-fine-bloomberg-news-2022-11-04/

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