Steely Dan
Former Member
- Joined
- Dec 22, 2008
- Messages
- 30,558
- Reaction score
- 105
http://money.cnn.com/2011/07/20/news/companies/wells_fargo_fined/index.htm?hpt=hp_t2
Fed hits Wells Fargo with $85 million fine
By Ben Rooney @CNNMoney July 20, 2011: 5:21 PM ET
NEW YORK (CNNMoney) -- The Federal Reserve announced a record $85 million fine Wednesday against Wells Fargo for allegedly pushing borrowers with good credit into expensive mortgages and falsifying loan applications.
The Fed accused the nation's fourth largest bank by assets of steering potential borrowers who could have qualified for prime rates into more expensive subprime loans....
Fed hits Wells Fargo with $85 million fine
By Ben Rooney @CNNMoney July 20, 2011: 5:21 PM ET
NEW YORK (CNNMoney) -- The Federal Reserve announced a record $85 million fine Wednesday against Wells Fargo for allegedly pushing borrowers with good credit into expensive mortgages and falsifying loan applications.
The Fed accused the nation's fourth largest bank by assets of steering potential borrowers who could have qualified for prime rates into more expensive subprime loans....
