Wells Fargo to pay $1 billion in fines over auto, mortgage lending abuses

A settlement could be revealed soon involving Wells Fargo & Co. and federal authorities looking into abusive practices in the company's banking, auto-lending and mortgage businesses, according to a report from The New York Times. The newspaper n.....»»

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......»»

Two federal regulators are fining Wells Fargo $1 billion for forcing customers into car insurance and charging mortgage borrowers unfair fees......»»

Wells Fargo was fined $1 billion on F.....»»

The se.....»»

It's the latest hit to the bank's efforts to rebuild its reputation after more than a year of scandal......»»

It's the latest hit to the bank's efforts to rebuild its reputation after more than a year of scandal......»»

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

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.....»»

Wells Fargo & Co. has agreed to pay $2.09 bil.....»»

The Justice Department announced that embattled Wells Fargo, which has seen its name feature in virtually every prominent banking scandal in the past year, will pay a civil penalty of $2.09 billion under the Financial Instit.....»»

A bank based in Berks County with just $18 billion in assets churned out more PPP loans than Chase, Wells Fargo or Bank of America......»»

Wells Fargo said Thursday that it will no longer accept new applications for home equity lines, signaling that the economic outlook is too cloudy even for one of the nation’s largest mortgage lenders. “Wells Fargo Home Lending will temporarily st.....»»

Wells Fargo, the nation's fourth-largest bank, had set a lending cap of $10 billion due to restrictions as a result of a massive fak.....»»

Wells Fargo & Co. (NYSE: WFC) restricted its contribution to $10 billion in the Federal government small business rescue program due to regulatory constraints. read more.....»»

Wells Fargo said on the evening of April 5 that it has exhausted its $10 billion capacity for lending under the SBA’s Paycheck Protection Program as the bank operates under a regulatory asset cap. In other words, amid the pandemic-induced downtur.....»»

Wells Fargo said Sunday evening that it has exhausted its $10 billion capacity for lending under the SBA’s Paycheck Protection Program as the bank operates under a regulatory asset cap. In other words, amid the pandemic-induced downturn that has.....»»

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......»»

The settlement addresses systemic consumer abuses sparked by the bank’s admission in 2016 that it had opened millions of fake accounts customers didn’t want......»»

Wells Fargo Pays $3 Billion To Settle "Staggering Scope & Duration" Of Illicit Conduct Wells Fargo has agreed to pay $3 billion to settle U.S. investigations into more than a decade of widespread consumer abuses under a deal that lets.....»»