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Wells Fargo $3B Settlement Leaves Out Mortgage Biz

Wells Fargo recently agreed to pay $3 billion to settle federal charges involving the opening of bogus customer accounts. However, the company and its former executives might not be off the hook yet. So reports Reuters.

The deal with the U.S. Department of Justice and Securities and Exchange Commission doesn’t touch on Wells Fargo’s mortgage or auto lending divisions, which signed up clients for fee-generating products they hadn’t demanded.

The government has also reportedly been continuing to investigate individuals.

Read the full article from Reuters.

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