Clinton weighs in on ‘deeply disturbing’ Wells Fargo scandal, vows to protect CFPB

Clinton weighs in on ‘deeply disturbing’ Wells Fargo scandal, vows to protect CFPB

 · Clinton weighs in on ‘deeply disturbing’ Wells Fargo scandal, vows to protect CFPB Rebuts Republican calls to alter or abolish CFPB

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– The Consumer Financial Protection Bureau (CFPB) has taken action against a former Wells Fargo employee for an illegal mortgage fee-shifting scheme. The CFPB found that David Eghbali referred a substantial number of loan closings to a single escrow company, which shifted its fees from some customers to others at Eghbali’s request.

Hillary Clinton on Monday vowed to hold Wells Fargo accountable for. corporate behavior" in the bank's unauthorized accounts scandal.

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"Fines and penalties against Wells Fargo Bank for their bad acts against their. to run the Consumer Financial Protection Bureau, is reviewing a proposed. signaled Friday that Wells Fargo is still very much in the regulator's crosshairs.. Mulvaney said he remains "disturbed" by the scandals at the bank.

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Investments lending clinton weighs in on ‘deeply disturbing’ Wells Fargo scandal, vows to protect CFPB Rebuts Republican calls to alter or abolish CFPB

By Senator Sanders: Let’s be clear, the business model of Wall Street is fraud. In my view, there is no better example than the recently-exposed illegal behavior at Wells Fargo. The CEO of Wells Fargo admitted today that he knew in 2013 the bank was scamming customers, but he took no action to fire or.

 · Clinton weighs in on deeply disturbing’ Wells Fargo scandal, vows to protect CFPB FORMER WELLS FARGO & TD BANK WORKERS COMMENT ON WELLS FARGO CEO SENATE HEARING Wells Fargo’s Business Model is Fraud

Wells Fargo said in a press release that it will work with the credit bureaus to correct customers’ credit records. Wells Fargo’s banking division is still reeling from last years fake checking accounts scandal, which resulted in a CFPB fine of $100 million – the largest in the bureau’s history.

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