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Trump Says Wells Fargo Fines Will Not Be Reduced

The president appeared to be pushing back against a report about his administration reviewing whether the bank should pay hefty fines for abusive mortgage lending practices.
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Wells Fargo to Pay $175M Over Lending Discrimination

Business & Finance : Business from Newser

From 2004 to 2009, Wells Fargo allegedly discriminated against African-American and Hispanic borrowers, and now the bank will pay at least $175 million to settle the matter, the AP reports. Wells Fargo is accused of charging such bo...

Feds may seek fines against Wells Fargo in mortgage bias probe

Business & Finance : Money & Co

Federal authorities have advised Wells Fargo & Co. that they may seek damages and fines for alleged discrimination in mortgage lending.

Trump says penalties for Wells Fargo mortgage-lending scandal could be 'substantially increased'

Business & Finance : Business Insider: Clusterstock

Reuters reported that President Trump's pick to lead the Consumer Financial Protection Bureau, Mick Mulvaney, was considering easing penalties against Wells Fargo over improper mortgage lending practices. Trump tweeted Friday that t...

Wells Fargo just agreed to pay $1.2 billion to settle 'shoddy' mortgage practices

Business & Finance : Business Insider: Clusterstock

Wells Fargo just agreed to pay $1.2 billion for improper mortgage lending practices. The Department of Justice on Friday announced that it had settled civil mortgage fraud claims against the San Francisco-based bank related to resid...

Trump denies that Wells Fargo may avoid federal penalties for alleged mortgage lending abuses

Business & Finance : LA Times: Business

President Trump on Friday denied a report that the federal consumer financial watchdog might drop sanctions against Wells Fargo & Co. for alleged mortgage lending abuses, and said the bank could face even tougher penalties. Trump’s ...


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