You are here

New Wells Fargo scandal seen as proof controls still lacking

Tuesday, August 1, 2017 - 05:50

BT_20170801_CPWELLS_3011407.jpg
An internal review found more than 500,000 clients may have unwittingly paid for protection against vehicle loss or damage while making monthly loan payments, Wells Fargo said on Thursday.

New York

WELLS Fargo & Co's disclosure that it may have pushed thousands of car buyers into loan defaults and repossessions by charging them for unwanted insurance is raising doubts about the bank's ability to put proper controls in place.

"The steady drip of revelations is

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom