Wells Fargo faces record fine for abuses - source

(Reuters) - Wells Fargo & Co is close to settling a record fine of $1 billion imposed by two U.S. regulators for its risk management business, a source familiar with the matter told Reuters on Thursday......»»

Wells Fargo & Co. will be subject to a record fine as high as $1 billion for auto insurance and mortgage lending abuses, according to a report from Reuters.  Citing what it says are three sources familiar with this situation, the news service said .....»»

Embattled Wells Fargo is tightening oversight after revelations of consumer abuses, but will shareholders think it's enough at an.....»»

Wells Fargo agreed Friday to pay a record fine of $1 billion imposed by two U.S. regulators for abuses tied to auto insurance and home mortgages......»»

(Reuters) - Two U.S. regulators have proposed Wells Fargo & Co pay $1 billion in penalties to resolve probes into auto insurance and mortgage lending abuses at the third largest U.S. bank, overshadowing its first quarter results......»»

The bank disclosed it is in settlement talks with regulators. Wells Fargo's first-quarter results, report.....»»

(Reuters) - Wells Fargo & Co has been offered a penalty of $1 billion by regulators to resolve outstanding investigations related to auto insurance and mortgage lending abuses, the third-largest U.S. bank by assets said on Friday......»»

Regulators have offered Wells Fargo & Co a penalty of $1 billion to resolve outstanding investigations related to auto insurance and mortgage lending abuses, the third-largest U.S. bank by assets said in its first quarter results on Friday......»»

(Reuters) - Regulators have offered Wells Fargo & Co a penalty of $1 billion to resolve outstanding investigations related to auto insurance and mortgage lending abuses, the third-largest U.S. bank by assets said in its first quarter results on Friday......»»

Richard Drew/AP Images The Consumer Financial Protection Bureau wants to fine Wells Fargo for lending abuses. The fine could reach a record $1 billio.....»»

The U.S. consumer watchdog is seeking a record fine against Wells Fargo & Co for auto insurance and mortgage lending abuses that could exceed several hundred million dollars, according to three sources with knowledge of the plans......»»

The U.S. consumer watchdog is seeking a record fine against Wells Fargo & Co for auto insurance and mortgage lending abuses that could exceed several hundred million dollars, according to three sources with knowledge of the plans......»»

WASHINGTON (R.....»»

President Donald Trump has apparently kept his promise that the Consumer Financial Protection Bureau, under the leadership of OMB Director Mick Mu.....»»

The fine comes as Wells Fargo struggles to repair its image after admitting to consumer abuses. The company reached a $3 billion settlement with the Justice Department and the SEC last week for opening millions of accounts without customers’ consent......»»

Wells Fargo agreed to pay $1 billion in penalties to settle a probe into abuses at its auto and mortgage businesses. Fred Katayama reports......»»

As was widely expected, Wells Fargo announced today that it has agreed to pay a $1 billion fine to the Office of the C.....»»

It's the first fine that controversial CFPB head Mick Mulvaney has imposed since he took over the bureau in late November......»»

The New York Times and other news outlets are reporting that federal regulators plan to fine Wells Fargo as much as $1 billion as early as Friday for abuses tied to its auto lending and mortgage businesses......»»

Wells Fargo Says It Faces a $1 Billion Fine Over Its Loan Scandals.....»»