Observations
Dec 29, 2022Wells Fargo has reached a $3.7 billion deal with the Consumer Financial Protection Bureau (CFPB) to resolve allegations that it harmed more than 16 million people with deposit accounts, auto loans, and mortgages. According to the CFPB, the bank illegally assessed fees and interest charges on loans for cars and homes, leading some vehicles to be repossessed unlawfully.
Observations
Dec 10, 2021The UK Financial Conduct Authority (FCA) is concerned that financial services don't always work well for consumers and, in fact, it observed a number of common practices by some firms that cause consumer harm.
by Stephen Scott, Jeffrey Kupfer
Thoughts
Sep 21, 2016
