Trump Says Wells Fargo (WFC) Fines Won't be Dropped

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Go back to Trump Says Wells Fargo (WFC) Fines Won't be Dropped

Exclusive: Wells Fargo sanctions are on ice under Trump official - sources

December 7, 2017 3:41 PM EST

By Patrick Rucker and Pete Schroeder

WASHINGTON (Reuters) - The new acting head of the U.S. consumer finance watchdog is reviewing whether Wells Fargo & Co (NYSE: WFC) should pay tens of millions of dollars over alleged mortgage lending abuse, according to three sources familiar with the dispute.

The San Francisco-based bank said in October that it would refund homebuyers who were wrongly charged fees to secure low mortgage rates - a black mark against a lender which has already been roiled by scandal over its treatment of customers.

The Consumer Financial... More