The Pubs have bitched about the Consumer Financial Protection Agency
ever since it began, about a year ago. Yesterday the Dems showed why it is necessary, as Wells Fargo was caught in a giant scheme that defrauded customers, signing them up for credit cards and programs that benefited WF, as the unwary customers got YUUUGE fees. BTW, Trump promises to 'abolish it'. The protective agency, that is...
On Thursday, the Consumer Financial Protection Bureau ― the watchdog group proposed by Sen. Elizabeth Warren (D. Mass.) in the aftermath of the financial crisis ― announced that Wells Fargo would pony up a total of $185 million for perpetrating a huge scam on its customers.
Over at least the past five years, Wells Fargo employees created more than 1.5 million sham checking accounts and applied for 565,000 credit cards, using customer names and money. Customers were charged unnecessary fees, saw their credit scores fall or were simply confused when debit and credit cards they never asked for showed up in the mail.
Nothing new here, just typical Repub, Big Money Bullshit.
On Thursday, the Consumer Financial Protection Bureau ― the watchdog group proposed by Sen. Elizabeth Warren (D. Mass.) in the aftermath of the financial crisis ― announced that Wells Fargo would pony up a total of $185 million for perpetrating a huge scam on its customers.
Over at least the past five years, Wells Fargo employees created more than 1.5 million sham checking accounts and applied for 565,000 credit cards, using customer names and money. Customers were charged unnecessary fees, saw their credit scores fall or were simply confused when debit and credit cards they never asked for showed up in the mail.
Nothing new here, just typical Repub, Big Money Bullshit.
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