AFR IN THE NEWS: What Wells Fargo dodged by agreeing to pay $110 million to settle fake accounts case (Washington Post)
“’It is certainly not a coincidence after months of concerted pressure’ that Wells Fargo would opt to settle rather than litigate the issue, said Amanda Werner, arbitration campaign manager for advocacy groups such as Public Citizen and Americans for Financial Reform. ‘We’re happy to see that, but it doesn’t solve the problem in general. Essentially until we have strong federal rules and laws, we’re just waiting for the next scandal to happen.’”