https://www.pressdemocrat.com/business/9127406-181/wells-fargo-pays-5-million?view=AMP
9 replies (most recent on top)
drop? they had it taken away.
Still 49 other states and customers to scr..
WF didn't "drop" its insurance license. It was TAKEN AWAY from WF due to WF's fraud, as part od the settlement. And if WF ever wants to get back into insurance business again, it has to wait years and then pay millions just to get back in.
To poster who thinks everyone else (govt., CFPB, etc.) is to blame for WF fraud, you are WRONG. WF is solely to blame. WF brought ALL of this on itself and deserves to be punished (up to and including going out of business). Customers are leaving in droves now.
I can't believe anyone is defending WF at this point. Lots of good employees, but totally corrupt leadership. This is a pivotal year...radical changes in leadership (unlikely) or the beginning of the end for WF (total sell-off).
Right I read the article the Democrats have to push the regulators to attack wells fargo, such as, giving more support to the CFPB to investigate malfeasance. Its feels terrific, a liberal bank like WF being attacked by other liberals.
Infact the house and Congress have no control over it.
https://thehill.com/policy/finance/298526-waters-i-want-to-break-up-wells-fargo
You do know the house alone can't break up anything right
Now the Democrats have a majority in the house I cant wait for them to break up WF. Love Maxine Waters.
Dumb response
They should lose their banking license period.