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America Bank Regulators to Wells Fargo: Tut-tut
[CNN Business] Federal regulators slapped Wells Fargo with yet another fine for failing to move fast enough to compensate customers who were victims of the bank's "unsafe or unsound" practices.
The Office of the Comptroller of the Currency, the banking regulator within the Treasury Department, told the scandal-plagued bank it must pay $250 million because it couldn't -— or wouldn't — make good on its promises.
If any US corporation deserves a corporate death penalty, it is Wells Fargo.
Posted by: Bubba Lover of the Faeries8843 2021-09-13 |
