Trump says Wells Fargo won’t escape penalties in mortgage case

WASHINGTON—President Donald Trump Friday denied a report that the federal consumer financial watchdog might drop sanctions against Wells Fargo & Co. for alleged mortgage lending abuses and said the bank could face even tougher penalties. Trump’s response was to a Reuters report that Mick Mulvaney — installed last month as acting director of the independent Consumer… Please follow and like us:

Read More

Report: Wells Fargo may face more federal sanctions

Wells Fargo & Co. may face new sanctions from a federal regulator over bad practices the bank has over the past last several months, including forcing auto loan customers into unneeded insurance policies and charging improper fees on some mortgage borrowers, the Wall Street Journal reported this week. The Journal said the Office of the Comptroller… Please follow and like us:

Read More