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-Lurid Crime Tales-
New Wells Fargo CEO Pushes For Less Regulation In Wake Of Giant Fraud Scandal
2016-12-07
[Daily Caller] The new CEO of Wells Fargo, Tim Sloan, urged President-elect Donald Trump to consider making regulatory changes at an industry conference Tuesday morning.

Wells Fargo got slapped with a $185 million fine from the Consumer Financial Protection Bureau (CFPB) in September for issuing 565,000 lines of credit and opening 1.5 million bank accounts for customers without their consent. Bank employees even went so far as to fake email addresses for their customers to sign them up for banking services in order to pad numbers. Some 14,000 of those credit accounts accrued over $400,000 in fees.

Yes Mr. Sloan, I can certainly see where you are coming from.
Posted by:Besoeker

#3  Now that I have sold my house, I'm leaving Wells Fargo.

They are just too corrupt.
Posted by: DarthVader   2016-12-07 15:08  

#2  I favor a corporate death penalty. Wells Fargo should be the first to go.
Posted by: Anguper Hupomosing9418   2016-12-07 14:33  

#1  Yes, less fines for the company (and stockholders) in return for long prison sentences and confiscatory fines to CEO and their minions who do these things. Till I see the latter in practice, we can hold off on the former.
Posted by: Procopius2k   2016-12-07 08:34  

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