In September 2016, Wells Fargo admitted to opening millions of unauthorized accounts and signed a settlement requiring payment of $185 million in penalties. That news, remarkable as it was, has turned out to be very far from the whole story of the bank’s misdeeds. One after another, Wells Fargo has been hit by a succession of scandals, all growing out of its aggressive efforts to extract as much revenue as possible from every customer, by fair means or foul. [klarman] Also read: Q2/H1 Hedge Fund Letters – Conferences, Calls, And More Fund of funds Business Keeps Dying Baupost Letter Points…
On This Page
- Bogus Accounts
- Auto Insurance Ripoff?—?Part 1
- Auto Insurance Ripoff- ?Part 2
- Illegal Repossession Of Service Members’ Cars
- Making Small Businesses Pay Hidden Credit-card Fees
- Deceptive Mortgage Modifications
- Steering Minority Homeowners Into Higher-Cost Mortgages
- Overdraft Overcharges
- Veterans’ Mortgage Scam
- Charging Mortgage Applicants For The Bank’s Delays
- Fraudulent Fees On Student Loans
- Lying To Congress
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