Wells Fargo Missteps Lead to More Consumer Abuses

Jace Ferraez with Bondnbotes.com writes about new penalties charges for Wells Fargo. Fines target Wells Fargo who faces new penalties for auto insurance and mortgage lending client abuses. Fines stem from in consumers wrongly charged with insurance they did not need and changes to borrower’s accounts on mortgage loans. Mike Mulvaney, head of the Consumer Financial Protection Bureau, leads the investigation.

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