{"id":25190,"date":"2022-12-21T02:03:03","date_gmt":"2022-12-21T02:03:03","guid":{"rendered":"https:\/\/curepossession.com\/?p=25190"},"modified":"2022-12-21T06:37:34","modified_gmt":"2022-12-21T06:37:34","slug":"merry-christmas-wells-fargo-fined-3-7b-by-the-cfpb","status":"publish","type":"post","link":"https:\/\/curepossession.com\/merry-christmas-wells-fargo-fined-3-7b-by-the-cfpb\/","title":{"rendered":"Wells Fargo\u2019s $3.7B Xmas Present from the CFPB"},"content":{"rendered":"<h3><span style=\"color: #000000;\"><strong><em>\u201cThe bank incorrectly applied borrowers\u2019 payments, improperly charged fees and interest, and wrongfully repossessed borrowers\u2019 vehicles.\u201d<\/em><\/strong><\/span><\/h3>\n<p><span style=\"color: #000000;\">Every regulators favorite punching bag just got an early Christmas present from the Consumer Financial Protection Bureau (CFPB); a $3.7B fine. Wells Fargo Bank is still reeling from a flurry of hundreds of millions in fines and settlements topped off with the <a style=\"color: #000000;\" href=\"https:\/\/www.consumerfinance.gov\/about-us\/newsroom\/bureau-consumer-financial-protection-announces-settlement-wells-fargo-auto-loan-administration-and-mortgage-practices\/\" target=\"_blank\" rel=\"noopener\"><span style=\"color: #ff0000;\">OCC\u2019s $1B fine<\/span><\/a> levied against them in 2018. But they\u2019ve reached a new level of punishment from a Chopra led CFPB that is reaching the end of a friendly Congress while fighting back against the ruled unconstitutionality of their funding.<\/span><\/p>\n<p><a href=\"https:\/\/curepossession.com\/hot-topics\/wells-fargos-3-7b-xmas-present-from-the-cfpb\/\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-24861 size-full\" src=\"https:\/\/curepossession.com\/wp-content\/uploads\/2022\/11\/CUR_Read_More_2_btn.jpg\" alt=\"\" width=\"355\" height=\"78\" srcset=\"https:\/\/curepossession.com\/wp-content\/uploads\/2022\/11\/CUR_Read_More_2_btn.jpg 355w, https:\/\/curepossession.com\/wp-content\/uploads\/2022\/11\/CUR_Read_More_2_btn-300x66.jpg 300w\" sizes=\"(max-width: 355px) 100vw, 355px\" \/><\/a><\/p>\n<h3><span style=\"color: #ffffff;\">Wells Fargo\u2019s $3.7B Xmas Present from the CFPB &#8211; <a style=\"color: #ffffff;\" href=\"https:\/\/www.consumerfinance.gov\/\">Consumer Financial Protection Bureau<\/a> &#8211; <a style=\"color: #ffffff;\" href=\"https:\/\/curepossession.com\/?s=cfpb\">CFPB<\/a><\/span><\/h3>\n","protected":false},"excerpt":{"rendered":"<p>\u201cThe bank incorrectly applied borrowers\u2019 payments, improperly charged fees and interest, and wrongfully repossessed borrowers\u2019&#8230;<\/p>\n","protected":false},"author":1,"featured_media":25195,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[480,59,442,373,68,1017,742,7,494,33],"class_list":["post-25190","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-auto-loans","tag-cfpb","tag-consumer-finance-protection-bureau","tag-fines","tag-foreclosure","tag-loan-modifications","tag-repossess","tag-repossession","tag-wells-fargo","tag-wrongful-repossession"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/curepossession.com\/wp-json\/wp\/v2\/posts\/25190"}],"collection":[{"href":"https:\/\/curepossession.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/curepossession.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/curepossession.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/curepossession.com\/wp-json\/wp\/v2\/comments?post=25190"}],"version-history":[{"count":2,"href":"https:\/\/curepossession.com\/wp-json\/wp\/v2\/posts\/25190\/revisions"}],"predecessor-version":[{"id":25194,"href":"https:\/\/curepossession.com\/wp-json\/wp\/v2\/posts\/25190\/revisions\/25194"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/curepossession.com\/wp-json\/wp\/v2\/media\/25195"}],"wp:attachment":[{"href":"https:\/\/curepossession.com\/wp-json\/wp\/v2\/media?parent=25190"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/curepossession.com\/wp-json\/wp\/v2\/categories?post=25190"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/curepossession.com\/wp-json\/wp\/v2\/tags?post=25190"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}