Wells Fargo Hearing Shows New Fears Of Wall Street Regulation
Republicans tried to blame the Consumer Financial Protection Bureau for being “asleep at the wheel,” and Wells Fargo’s CEO for giving their opponents ammunition.
Wells Fargo CEO Refuses To Resign After Massive Fraud Exposed
Employees who wanted to increase their sales numbers used privileged customer information to apply and/or acquire products and services without customers’ knowledge.
Wall Street Group Goes On Ad Blitz Against CFPB
Viewers of last night’s Republican presidential debate were treated to quite a spectacle. Not only did they get to see a presidential debate, but multiple times during the commercial breaks a 30-second ad called “Denied,” by the 501(c)(4) group American Action Network, played and presented an Orwellian vision of the
JPMorgan And Citigroup Pay Over $800 Million For Credit Card Crimes
Fraudulent paperwork, cheated counterparties, robosigning — no it’s not the housing crisis again. This time the crimes are related to the Too Big To Fail/Jail banks’ conduct with credit cards. Both JPMorgan and Citigroup have now reached settlements with the government related to their criminal credit card practices.