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Articles tagged with: Wells Fargo

AFR Statement: House Vote on CFPB Forced Arbitration Rule a Victory for Big Banks and Predatory Lenders
July 25, 2017 – 5:25 pm

House vote to roll back CFPB rule limiting forced arbitration aids big banks and predatory lenders while stopping ordinary Americans from getting their day in court.

AFR Statement: House Lawmakers Voting to Roll Back CFPB Forced Arbitration Rule Defy Public Sentiment
July 25, 2017 – 11:49 am

In a tough test for the public’s view of the rule, likely voters concluded the rule helps hold companies accountable, and rejected notions that it will encourages frivolous lawsuits.

AFR/CRL Poll: Bipartisan, National Majorities Support CFPB Rule Curbing Forced Arbitration
July 25, 2017 – 10:27 am

Strong, bipartisan majorities nationwide back the Consumer Financial Protection Bureau’s rule curbing forced arbitration and giving consumers their day in court.

AFR Statement: Oppose Effort to Roll Back CFPB Rule Banning Forced Arbitration
July 20, 2017 – 12:12 pm

Rolling back CFPB rule banning forced arbitration would be a giveaway to Wells Fargo and predatory lenders. Lawmakers should oppose this cynical effort.

AFR Statement: CFPB Right to Act Against Forced Arbitration
July 10, 2017 – 3:55 pm

CFPB issued a final regulation ensuring that consumers can join together to challenge financial fraud and scams in court. The rule limits the use of forced arbitration, a process Wall Street banks and predatory lenders use to evade accountability and keep their misconduct out of the public eye.

AFR Statement: AFR Applauds Resolution of Class-Action Lawsuit Against Wells Fargo
March 29, 2017 – 8:39 am

Public Citizen and Americans for Financial Reform applaud the announcement of a proposed $110 million settlement for consumers harmed by the bank’s fraudulent account scheme in multiple class-action lawsuits against Wells Fargo.

Statement: AFR delivers 75,000+ petition signatures telling Wells Fargo to claw back bonuses
September 27, 2016 – 1:42 pm

Today, Americans for Financial Reform delivered a petition with more than 75,000 signatures calling on Wells Fargo to claw back the compensation of both its CEO John Stumpf and the executive directly responsible for the unit engaged in massive fraud.

AFR Statement: Wells Fargo Called to Account for Abusing Customers’ Rights
September 9, 2016 – 11:42 am

“As the consent orders highlight, Wells Fargo’s egregious violations of consumers’ rights were fueled by sales quotas imposed on front-line bank workers. These settlements underline the importance of strong consumer protection enforcement from federal and local regulators. They highlight the particular importance of attention to bank compensation practices, including the need to make sure banks are not pushing their employees to harm consumers and break the law by requiring them to meet otherwise unattainable sales goals.”