“The Wells activities are so egregious, they are unique,” said Lawrence J. White, a professor at New York University’s Stern School of Business. US regulators are due to hit Wells Fargo with a $1bn fine for charging unwitting customers bogus mortgage fees. The bank has been accused of misleading consumers about the fees it charges on home loans and other financial products.
US regulators are due to hit Wells Fargo with a $1bn fine for charging unwitting customers bogus mortgage fees. The bank has been accused of misleading consumers about the fees it charges on home loans and other financial products.