Wells Fargo under the gun for new consumer abuses

Politico reports that, one after "regulators fined Wells Fargo $185 million for opening potentially millions of fake accounts, the bank is nowhere close to putting the scandal behind it. Congress is threatening new hearings, and some Democrats have called on regulators to remove the bank's board or for breaking up the lender entirely. In fact, consumer abuses there are just as fresh in lawmakers' minds as they were a year ago, with new revelations that the scope of the scandal was larger than originally thought and that the bank charged hundreds of thousands of customers for auto insurance they didn’t need. Another group of victims: military veterans."

Politico's full story is here.

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