October 20, 2017

Federal Regulators Criticize Wells Fargo Over Deceptive Auto Insurance Practices

Bank fraud customer betrayals

The Office of the Comptroller of the Currency, a federal agency charged with regulating and supervising the nation’s banks, has issued a report calling out banking giant Wells Fargo for driving “hundreds of thousands” of borrowers into buying unneeded auto insurance when they took out car loans. The preliminary and confidential report, a copy of…

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October 16, 2017

Ban Against Wells Fargo Working with the State of California Extended for Another Year

Bank Investigations

As reported by Bloomberg News, Wells Fargo has been banned for another year from being hired by California as an underwriter or investment broker by the office of the state’s Treasurer.

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October 3, 2017

House Committee on Financial Services Issues Report on “Wells Fargo’s Egregious Consumer Abuses”

Congress

“The Case for Holding Megabanks Accountable” Presented to Congress on September 29, 2017 The Democratic Staff of the House Committee on Financial Services has issued a report to Congress entitled “The Case for Holding Megabanks Accountable: An Examination of Wells Fargo’s Egregious Consumer Abuses.” Presented by the Honorable Maxine Waters, Ranking Member, to the 115th…

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