Gop Report Accuses Watchdog Of Going Easy On Wells Fargo

NEW YORK (AP) — The Consumer Financial Protection Bureau could have fined Wells Fargo in excess of $10 billion for its illegal sales practices but instead settled for $100 million, according to the agency's internal documents released by Congressional Republicans this week. The CFPB also had evidence that the bank's sales problems went back to at least 2006 — far earlier than the 2011 to 2016 timetable that Wells Fargo originally admitted to, the documents show. "The bank knew since at least 2006 that its employees were gaming its incentive compensation program, yet failed to take actions sufficient to stop it," CFPB employees wrote in a 2016 confidential memo.

BING NEWS:
  • Watchdog group accuses EPA of 'outrageous' failure on serious toxin: 'You don't get to just ignore the stuff that doesn't support your hypothesis'
    One watchdog group is accusing the U.S. Environmental Protection Agency of presenting false information to the public about the testing of harmful "forever chemicals" in pesticides, the Guardian ...
    06/20/2024 - 7:00 am | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More World News