WASHINGTON (MarketWatch) -- The Federal Reserve on Wednesday slapped an $85 million fine on Wells Fargo & Co for allegedly steering borrowers into high-cost subprime mortgage loans even though they qualified for safer loans. The fine is the largest civil monetary penalty the Fed has ever assessed in a consumer-protection enforcement action, the central bank said in a press release. The Fed said ...
Fed fines Wells Fargo $85 mln for mortgage abuses
Posted by mortgage 306 days ago (Editorial)
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