GarkBanks continue to treat customers with disdain. Then, they hold their hands up, pay a fine and get back to bad practices. U.S. CFPB orders Wells Fargo to pay $3.7 bln for mismanagement https://www.reuters.com/business/finance/us-cfpb-orders-wells-fargo-pay-37-bln-penalties-mismanagement-2022-12-20/ #badbanks #wellsfargo #wallstreet #2008FinancialCrisis
Wells Fargo to pay $3.7 billion for illegal conduct that harmed customers
The U.S. Consumer Financial Protection Bureau hit Wells Fargo & Co <a href="https://www.reuters.com/companies/WFC.N" target="_blank">(WFC.N)</a> with the watchdog's largest ever civil penalty on Tuesday as part of a $3.7 billion agreement to settle charges over widespread mismanagement of car loans, mortgages and bank accounts.