Simply Credit Help – Debt and Bad Credit Improvement Advice
commitment

Wells Fargo will pay $190 million to settle customer fraud case

September 8, 2016 by · Leave a Comment 

“Wells Fargo reached these agreements consistent with our commitment to customers and in the interest of putting this matter behind us,” the bank said of its settlement with California prosecutors and federal regulators. The Consumer Financial Protection Bureau will receive $100 million of the total penalties – the largest fine ever levied by the agency, which was conceived after the 2008 financial crisis. “Today's action should serve notice to the entire industry that financial incentive programs, if not monitored carefully, carry serious risks that can have serious legal consequences,…

Read the original: 
Wells Fargo will pay $190 million to settle customer fraud case

commitment

Wells Fargo will pay $190 million to settle customer fraud case

September 8, 2016 by · Leave a Comment 

“Wells Fargo reached these agreements consistent with our commitment to customers and in the interest of putting this matter behind us,” the bank said of its settlement with California prosecutors and federal regulators. The Consumer Financial Protection Bureau will receive $100 million of the total penalties – the largest fine ever levied by the agency, which was conceived after the 2008 financial crisis. “Today's action should serve notice to the…

Continued here: 
Wells Fargo will pay $190 million to settle customer fraud case