Wells Fargo’s Earnings May Change With Potential $1B Penalty
PYMNTS
APRIL 13, 2018
The CFPB [Consumer Financial Protection Bureau] and OCC [Office of the Comptroller of the Currency] have collectively offered to resolve for an aggregate of $1bn in civil money penalties,” the bank said. “At That increase in fake accounts was due to the bank’s use of a third party to analyze the scope of the scandal.
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