Estimated reading time: 0 minutes, 26 seconds

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.

Read 1616 times
Rate this item
(0 votes)

FOLLOW US

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.