Wells Fargo agrees to a $3.7 billion federal settlement to address alleged long-running harms that affected more than 16 million consumers between 2011 and 2022, according to the CFPB.
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Yet the consumers get nothing, no one goes to prison, and WF continues business as usual…
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Keyword..... "agrees" ... meaning they'll let us know what fine they're willing to pay for being crooked.
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What in the world is going on with this monster bank, from one scandal to another.
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The fine does not exceed the profits gained, what is going to prevent them from doing it again if it actually makes more money to break the rules than to follow them?
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Yes! When do the customers get paid this money?
Oh they don't get any of it? Of course not.
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