FREE PREVIEW
|
LOGIN OR SUBSCRIBE NOW TO READ THIS ARTICLE
|
Wells Fargo gets $1 billion fine from CFPB, OCC
|
Regulatory Updates
Monday, April 23, 2018
|
|
The Office of the Comptroller of the Currency and the Consumer Financial Protection Bureau issued a settlement totaling $1.5 billion against Wells Fargo Bank but only required a civil money penalty of $1 billion. The violations pertained to the company’s compliance risk management program and issues regarding certain interest rate-lock extensions on home mortgages and collateral protection insurance (CPI) placed on certain auto loans. Read on for more details and some initial expert reaction on what this might mean for you.
TO READ THE FULL STORY
|
|
Already a subscriber?
Problems logging in?
Please call 330-659-6101 x 805 or email us for assistance.
|
|
Today's other top stories