Simply Politics & News

[Mariner*]

Wells Fargo did not correct insurance irregularities, federal regulator says.
The letter reinforces the outrage of federal regulators over some of Wells Fargo's banking practices. Last year it was disclosed that the bank created as many as 3.5 million accounts using fictitious or unauthorized customer information.

https://www.upi.com/Top_News/US/2017/11/29/Wells-Fargo-did-not-correct-insurance-irregularities-federal-regulator-says/2621511966814/?utm_source=sec&utm_campaign=sl&utm_medium=16

Naaaaaah we don't need no stinking...

Republicans say CFPB is crippling the economy. Really?
http://money.cnn.com/2017/11/28/news/economy/cfpb-trump-mulvaney-economy-lending/index.html
President Trump argues that the Consumer Financial Protection Bureau is a "disaster" that has "devastated" banks and hurt Americans by stifling loans.

It's true that the CFPB has moved to crack down on risky mortgages, prevent shady payday lending and penalize big banks like Wells Fargo (WFC) for breaking the law.
Yet U.S. banks made $171.3 billion in profit last year, their third record in the past four years, according to the FDIC. Bank profits are on track for another record in 2017, and just 3.9% of banks suffered losses during the third quarter.