Relevant:
- Banks Get Edge in Talks on Foreclosure Penalties as Feds Settle
- Wells Fargo paid 9x more in criminal penalties than it paid in interest to its depositors in past decade
- Dual Tracking Continues Could Cost Banks Millions in Fines
- Wells Fargo faces $1 billion fine to settle loan abuses
- Wells Fargo Financial Consolidates; 683 offices close, 3800 jobs gone
2017-12-08 — thehill.com
President Trump on Friday tweeted that the he'd ensure stiff penalties against Wells Fargo over allegations of financial impropriety the day after a report emerged that federal fines are being reconsidered.
"Fines and penalties against Wells Fargo Bank for their bad acts against their customers and others will not be dropped, as has incorrectly been reported, but will be pursued and, if anything, substantially increased," Trump tweeted.
"I will cut Regs but make penalties severe when caught cheating!"
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