Post Profile

Her First 100 Days: A Pledge To Take On Wells Fargo And Wall Street

The Wells Fargo phony-account scandal may be worse that we've led to believe, even after a $185 million fine and the CEO's resignation. And this isn't Wells Fargo's first scandal. Its past exploits include discriminatory lending, exploitative payday loans, and a lucrative sideline in for-profit prisons. Meanwhile, Hillary Clinton's Wall Street speeches are casting a pall over her potential victory and weakening her political capital before she even assumes office.
read more


Related Posts

Wells Fargo Fined $85 Million By Fed Over Its Subprime Mortgage Lending Practices

US Politics / Liberal : ThinkProgress: Justice

In its largest consumer protection enforcement action ever, the Federal Reserve today slapped an $85 million penalty on Wells Fargo, a bank scrutinized for pushing subprime loans on borrowers who qualified for lower prime lending ra...

Barclays CEO Bob Diamond Succumbs to Pressure, Resigns in Libor Scandal

US Politics / Liberal : Firedoglake

Barclays Bank CEO Bob Diamond, who initially resisted resignation over his bank's fraudulent manipulation of the benchmark Libor inter-bank lending rate (as well as Euribor, the euro equivalent), has now resigned, a day before testi...

Wells Fargo fined $185 million for creating 2 million fake bank accounts; Fires over 5,000 Employees

Business & Finance / Mortgage & Banking : Mortgage Lender Implode-O-Meter

Employees at Wells Fargo created millions of fake bank accounts and credit card numbers over the past five years, federal regulators announced this week, in an illegal bid to boost their sales figures. The bank was fined $185 millio...

Wells Fargo Fires 5,300 For Engaging In Massive Fraud, Creating Over 2 Million Fake Accounts

Business & Finance : Zero Hedge

For years we have wondered why Wells Fargo, America's largest mortgage lender, is also Warren Buffett's favorite bank. Now we know why. On Thursday, Wells Fargo was fined $185 million, (including a $100 million penalty from the Cons...

Q&A: Former LA Times reporter on story that led to $185 million Wells Fargo fine

Media / Media Industry News : Columbia Journalism Review

The Consumer Financial Protection Bureau last week slapped Wells Fargo with $185 million in fines for creating fake accounts and secretly issuing credit cards without customers’ consent. Included in the ruling was a $100 million pen...


Copyright © 2016 Regator, LLC