{"id":83462,"date":"2022-12-21T01:25:14","date_gmt":"2022-12-21T06:25:14","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=83462"},"modified":"2022-12-21T00:59:44","modified_gmt":"2022-12-21T05:59:44","slug":"wells-fargo-ordered-to-pay-3-7-billion-for-illegal-activity-including-unjust-foreclosures-and-vehicle-repossessions","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/12\/2022\/wells-fargo-ordered-to-pay-3-7-billion-for-illegal-activity-including-unjust-foreclosures-and-vehicle-repossessions.html","title":{"rendered":"Wells Fargo ordered to pay $3.7 billion for \u2018illegal activity\u2019 including unjust foreclosures and vehicle repossessions"},"content":{"rendered":"\n<p>(CNN) Federal regulators fined Wells Fargo a record $1.7 billion on Tuesday for \u201c<a rel=\"noreferrer noopener\" href=\"https:\/\/www.cnn.com\/2021\/01\/15\/investing\/wells-fargo-bank-earnings-scandal\/index.html\" target=\"_blank\">widespread mismanagement<\/a>\u201d over multiple years that harmed over 16 million consumer accounts. The Consumer Financial Protection Bureau said Wells Fargo\u2019s \u201cillegal activity\u201d included <a rel=\"noreferrer noopener\" href=\"https:\/\/money.cnn.com\/2018\/09\/07\/news\/companies\/wells-fargo-scandal-two-years\/index.html\" target=\"_blank\">repeatedly misapplying loan payments<\/a>, wrongfully foreclosing on homes, illegally repossessing vehicles, <a rel=\"noreferrer noopener\" href=\"https:\/\/money.cnn.com\/2016\/09\/08\/investing\/wells-fargo-created-phony-accounts-bank-fees\/\" target=\"_blank\">incorrectly<\/a> assessing fees and interest and charging surprise overdraft fees.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnn.com\/2022\/12\/20\/investing\/wells-fargo-cfpb-foreclosure-fine\/index.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNN) Federal regulators fined Wells Fargo a record $1.7 billion on Tuesday for \u201cwidespread mismanagement\u201d over multiple years that harmed over 16 million consumer accounts. The Consumer Financial Protection Bureau said Wells Fargo\u2019s \u201cillegal activity\u201d included repeatedly misapplying loan payments, [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-83462","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/83462","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=83462"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/83462\/revisions"}],"predecessor-version":[{"id":83463,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/83462\/revisions\/83463"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=83462"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=83462"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=83462"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}