Wells Fargo forced 274,000 borrowers into delinquency because of unnecessary auto insurance

[FeedBot]

If someone told you that a bank--a major bank at that--forced borrowers to shell out more money for services they really didn't need, which bank would you immediately think of? Yes, Wells Fargo has done it again. The bank that can ill-afford another scandal is at the center of another one. A plague of frauds Last fall, Wells Fargo was found guilty...

View the full article

[Frosty]

It's amazing to me that this bank is still in business or has any non-commercial customers left. I know they are one of the five largest U.S. banks, but how the stay in business after each and every scandal simply escapes me. You would think with such egregious business practices over such a long period of time that the Federal Reserve, SEC, or the Justice Department would step in and slap them down hard.

Edited August 3, 2017 by Frosty