Wells Fargo Bank Facing $1 Billion Fine From The CFPB

Wells Fargo Bank Facing $1 Billion Fine From The CFPB For Mortgage And Auto Insurance Issues

Wells Fargo BankIt looks like Wells Fargo Bank is about to break a record! Wells Fargo Bank is facing a record fine of a billion dollars from the Consumer Financial Protection Bureau. The record-breaking fine even has the support of President Trump!
Former CFPB Director Richard Cordray initiated the investigation into Wells Fargo. He supposedly signed off on a fine before resigning in November 2017.
However, Reuters reported in December that CFPB Acting Director Mick Mulvaney was reviewing the situation and could choose not to move forward with the fine.

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