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Wells Fargo Slapped With $3.1 Million Fine For ‘Reprehensible’ Handling Of One Mortgage

April 10, 2012


This case should get Wells Fargo’s attention. Perhaps they will think twice before harassing people in Louisiana. Or they may just dig in and appeal the decision, in which case we will see how this plays in the higher courts. Problem with appealing, is that the longer the bank prolongs the case, the more the media will pick it up and the worse the bank will look. Broadcasting details of all those accounting “mistakes” will not help their reputation as a reputable financial institution. Bad PR could end up costing them more than paying the fine.
Read the Article at HuffingtonPost

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