Recent Posts in Wells Fargo Category

  • Wells Fargo Penalized For Private Student Loans

    || 29-Aug-2016

    The Consumer Financial Protection Bureau (CFPB) has charged Wells Fargo with engaging in illegal practices while servicing private student loans. Under a consent order, Wells Fargo will pay $3.6 million as a civil penalty, refund at least $410,000 to borrowers, and make improvements to their private student loan servicing policies. The CFPB alleged the following illicit conduct by Wells Fargo: ...
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  • Wells Fargo Student Loans Investigated by CFPB

    || 12-Oct-2015

    New York - The Wall Street Journal reported on Friday that the Consumer Financial Protection Bureau (CFPB) is investigating Wells Fargo regarding its student loans servicing practices. Although the specifics of the investigation are unclear, it appears that the probe on Wells Fargo began back in late 2014. Wells Fargo is the second largest originator for private student loans in the United States. ...
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