Wells Fargo to pay for $3.6 Million Penalty to your Bureau
Washington, D.C. The buyer Financial Protection Bureau (CFPB) today took action against Wells Fargo Bank for unlawful personal education loan servicing methods that increased expenses and unfairly penalized specific education loan borrowers. The Bureau identified breakdowns throughout Wells Fargo’s servicing procedure including neglecting to provide essential re re re payment information to customers, asking consumers unlawful costs, and failing woefully to upgrade inaccurate credit history information. Continue reading