Did CFPB Let Wells Fargo Off the Hook?

Did CFPB Let Wells Fargo Off the Hook?

0 0 3 years ago
Last year the Consumer Financial Protection Bureau announced its largest fine ever -- a $100 million penalty to Wells Fargo for opening accounts without customers’ permission. But newly-released documents show that the government chose CFPB could have in fact levied a $10 billion fine, but chose to cut a deal with the bank. Daniel Sankey, a financial policy analyst, discusses these developments.

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