A Message from Consumer Action

Consumer Action's MoneyWi$e educational materials have moved to our Managing Money Project website. Here you may view, download and order bulk copies of the MoneyWi$e materials. Please make a note of the Managing Money Project address— www.managing-money.org —and add it to your address book.

Where the $1 billion from the Wells Fargo settlement goes

Source: Tobie Stanger, Consumer Reports

Wells Fargo bank will pay $1 billion in civil penalties and compensate hundreds of thousands of victims of its abusive lending practices, according to settlements by the Consumer Financial Protection Bureau and the Office of the Comptroller of the Currency.

In a departure from how the CFPB worked under its former director, Richard Cordray, the consent order issued by the bureau doesn’t say how much Wells Fargo has to give back to consumers allegedly harmed by the bank’s activities.

Read Full Article: Where the $1 billion from the Wells Fargo settlement goes


Quick Menu

Support Consumer Action

Support Consumer

Join Our Email List

Optional Member Code
Facebook FTwitter T

MoneyWise Modules

Managing Money Topics

Help Desk