While the $3.7 billion settlement between Wells Fargo and the Consumer Financial Protection Bureau is welcome news, it doesn't resolve all the issues surrounding the bank's bad behavior--a point made by CFPB Director Rohit Chopra who noted that Wells' rinse-repeat cycle of violating the law has harmed millions of American families." He also said the company is a serial offender that puts one third of American households at risk of harm and that finding permanent resolution to this bank’s pattern … [Read more...] about DannLaw: CFPB/Wells settlement is welcome, but big bank will continue to abuse homeowners
By Marc Dann