The CFPB Spanks Wells Fargo With Yet Another Fine Yesterday For Ripping Off Consumers. This Time It’s For $3.75 Billion The CFPB spanks Wells Fargo with another fine by the CFPB yesterday. The CFPB has ordered Wells Fargo Bank to pay $3.7 billion for violations across several of its largest product lines. This includes mortgage
Wells Fargo Will Pay $94M To Settle Class-Action Mortgage Forbearance Lawsuit Wells Fargo will pay $94 million to settle a class-action lawsuit. Plaintiffs argue Wells Fargo unlawfully sent more than 200,000 mortgage borrowers into forbearance during the pandemic. The lawsuit says Wells Fargo also did it without their consent. Plaintiffs argued that the bank provided
Wells Fargo Will Pay $94M To Settle Mortgage Forbearance Suit Read Post »
Wells Fargo Pulls The Plug On Mortgage Lending. The Bank Blames The Economy For The Move There is no other way to put it, Wells Fargo plans to severely shrink its vast mortgage empire. Employees say Wells Fargo pulls the plug on mortgage lending entirely. The bank once churned out one of every three home
Wells Fargo Bitch Slapped With $400 Million Investor Lawsuit Alleging Bank Failed To Protect Investors Over Robo-Signing Wells Fargo bitch slapped with a robo-signing lawsuit? Yes, and this time it’s from bond investors. Taconic Capital Advisors filed a $400 million suit against Wells Fargo in New York Supreme Court. The suit alleges the financial giant
Wells Fargo Bitch Slapped With $400M Investor Lawsuit Read Post »
Wells Fargo Busted Again! The OCC Fines Wells Fargo $250 Million For Unsafe And Unsound Home Lending Practices Wells Fargo busted again! The Office of the Comptroller of the Currency fined Wells Fargo $250 million. The agency is stating the bank practiced “unsafe or unsound practices” in their home lending business. The OCC imposed the
Wells Fargo Busted Again! This Time Feds Fine Them $250M Read Post »
