Wells Fargo’s risk management practices were “reckless, unsafe or unsound.” Unlike many of the scandals that have triggered billion-dollar penalties for banks, the problems that led to a 10-figure federal government settlement for Wells Fargo & Co ...


Wells Fargo agreed Friday to pay $1 billion to settle with two U.S. regulators who accused the nation’s third largest bank of abusing its customers. The settlement comes two years after Wells Fargo was found to have opened millions of accounts in ...


Federal regulators slapped Wells Fargo & Co. with a penalty of $1 billion on Friday, punishing the San Francisco bank for abuses that harmed mortgage and auto loan borrowers, and for what regulators said was a pervasive and "reckless" lack of risk management.


Federal regulators are poised to impose a $1 billion fine on Wells Fargo for years of selling unnecessary products to customers, the toughest action by the Trump administration against a major bank. The penalty, part of an expected settlement on Friday ...


Federal regulators hit Wells Fargo with an eye-popping $1 billion civil penalty Friday after finding that the company had failed to catch problems in its auto and mortgage businesses over several years, cost customers millions of dollars and even ...


Wells Fargo agreed to pay $1 billion in penalties to settle a probe into abuses at its auto and mortgage businesses. Fred Katayama reports. Wells Fargo agreed to pay $1 billion in penalties to settle a probe into abuses at its auto and mortgage businesses.


Wells Fargo will pay $1 billion to federal regulators to settle charges tied to misconduct at its mortgage and auto lending business, the latest punishment levied against the banking giant for widespread customer abuses. In a settlement announced Friday ...


Two federal regulators are fining Wells Fargo $1 billion for forcing customers into car insurance and charging mortgage borrowers unfair fees. The penalty was announced Friday by the Consumer Financial Protection Bureau and the Office of the Comptroller of ...


Wells Fargo (WFC) will pay $1 billion to settle federal charges into consumer abuses related to its auto lending and mortgage businesses, the U.S. government said Friday. The action comes less than two years after Wells was fined nearly $200 million for ...


Wells Fargo will pay two federal regulators a total of $1 billion to settle an array of investigations into its mortgage and auto-lending practices. The settlements, with the Consumer Financial Protection Bureau and the Office of the Comptroller of the ...


Wells Fargo will pay two federal regulators a total of $1 billion to settle an array of investigations into its mortgage and auto-lending practices@ The settlements, with the Consumer Financial Protection Bureau and the Office of the Comptroller of the @@@

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