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Exclusive: Wells Fargo sanctions are on ice under Trump official - sources

Reuters  |  WASHINGTON 

By Patrick Rucker and Pete SchroederWASHINGTON (Reuters) - The new acting head of the U.S. consumer finance watchdog is reviewing whether Wells Fargo & Co should pay tens of millions of dollars over alleged mortgage lending abuse, according to three sources familiar with the dispute.The San Francisco-based bank said in October that it would refund homebuyers who were wrongly charged fees to secure low mortgage rates - a black mark against a lender which has already been roiled by scandal over its treatment of customers.The Consumer Financial Protection Bureau (CFPB) had been investigating ...

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First Published: Fri, December 08 2017. 04:25 IST
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