Thread by @PerfectUrPurpos

Y’all still following the #ToryLanezTrial? Meanwhile..

“#WellsFargo agreed to a $3.7B settlement with the Consumer Financial Protection Bureau over customer abuses tied to checking accounts, mortgages & auto loans, with some of the misconduct happening as recently as this year.”

“The company was ordered to pay a record $1.7 billion civil penalty and more than $2 billion to customers with 16 million accounts, the #CFPB said in a statement.”
#WellsFargo

cnbc.com/amp/2022/12/20…

“"Consumers were illegally assessed fees and interest charges on auto and mortgage loans, had their cars wrongly repossessed, and had payments to auto and mortgage loans misapplied by the bank."”
#WellsFargo

cnbc.com/amp/2022/12/20…

“The $1.7 billion fine assessed on #WellsFargo was the largest in the agency's history, according to a senior official.

"In the CFPB's 11 years of existence, WF has consistently been one of the most problematic repeat offenders of the banks and credit unions we supervise,"”

ADOS are far from ordinary, shouldn’t we get specific redress?

“Unlike rivals JPMorgan Chase & Bank of America, #WellsFargo, the fourth-biggest U.S. bank by assets, has a relatively small Wall Street business, meaning that ordinary Americans are its bread-and-butter customer.”

Has the @UrbanLeague & @NAACP made a statement on this?👀
#WellsFargo

Wells Fargo agrees to $3.7 billion settlement with CFPB over consumer abuses
cnbc.com/amp/2022/12/20…