Crime and misconduct

Inside OCC's effort to extract $37.5M from former Wells Fargo execs

06/17/20

Newly released documents highlight the challenges that Carrie Tolstedt and four co-defendants are likely to confront as they face civil charges involving sales misconduct at the bank.

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Santander Consumer reaches $550M settlement with state AGs

05/19/20

The lender will pay $65 million in restitution and forgive nearly $500 million in auto debt to settle charges that it steered subprime borrowers into risky loans.

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SBA backs off legal threat against firms that didn’t need PPP loans

05/13/20

The agency said Wednesday that as long as small businesses return funds they received through the Paycheck Protection Program, no action would be taken.

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Trial of Stephen Calk, Manafort's banker, scheduled for September

04/24/20

The former CEO at The Federal Savings Bank, who faces a bribery charge in connection with loans to President Trump's onetime campaign chief, is seeking to keep evidence from his phone out of the upcoming trial.

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Wells Fargo adds new top lobbyist to help revive image in Washington

04/17/20

Brian Smith, who spent the past decade with Regions Financial, will head the bank's government relations and public policy team.

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JPMorgan profits drop; Earnings may decide dividend payouts' fate

04/14/20

Bank’s earnings fall 69% in the first quarter; this week’s earnings reports could determine whether banks will need to suspend dividends.

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Waters asks DOJ to consider criminal charge against former Wells Fargo CEO

03/10/20

The chair of the House Financial Services Committee, Maxine Waters, contends that Tim Sloan knowingly made misleading and inaccurate comments during a hearing before her panel last year.

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Oil price plunge fans bank fears; CFPB sues Fifth Third on phony accounts

03/10/20

Investors worry the drop in crude prices could spark a rash of defaults; the bank denies it opened accounts without customer permission to meet sales quotas.

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Wells Fargo's Betsy Duke quits before turn in Washington hot seat

03/09/20

The bank's board chair and fellow director James Quigley abruptly resigned early Monday. Both are scheduled to appear before the House Financial Services Committee this week.

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CFPB case hearing ahead; Amex accused of aggressive sign-up tactics

03/02/20

The Supreme Court will hear arguments on the agency’s structure; the company, desperate after losing Costco’s business, allegedly pressured and misled applicants.

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