Skip to main content

Wells Fargo fired 5,300 workers for improper sales push. The executive in charge is retiring with $125 million.

When Wells Fargo was hit last week with $185 million in fines after thousands of its employees were caught setting up fake accounts customers didn't ask for, regulators heralded the settlement as a breakthrough.

The Consumer Financial Protection Bureau noted that the $100 million it will collect as part of the deal was the agency's "largest penalty" ever.  Read more.

Comments

Popular posts from this blog

Billionaire Donor Tom Steyer Urges Local and State Leaders to Speak Out on Trump Impeachment

A prominent Democratic donor called on every governor in the United States and the mayors of 2,000 cities to tell constituents where they stand on the question impeaching President Donald Trump—an issue that has been publicly raised by two lawmakers since the president took office in January.
In a letter, billionaire and environmental activist Tom Steyer asked state and local leaders to call on federal representatives to support...read more.

Pope Francis delivers comments on World Food Day

Pope Francis seemed to take a jab at the United States and President Donald Trump on Monday, while speaking at the United Nations Food and Agriculture Organization's Rome headquarters for World Food Day.

The pope called on the global community to work together to solve the related issues of hunger, climate change, and the refugee crisis.  Read more.