Another Wells Fargo scandal erupted in recent days following a New York Times report that the San Francisco-based bank enrolled more than 800,000 of its auto loan customers in unneeded car insurance policies without their consent. The dust barely began to settle on a series of previous Wells Fargo scandals – mortgage fraud that contributed to the 2009 financial crisis, sham credit card and deposit accounts, mortgage rate-lock fraud allegations, and whistleblower retaliation – when news broke July 27 that the bank defrauded its own auto loan customers. Wells Fargo and National General Insurance Company allegedly stole millions of dollars ... Read More
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