Wells Fargo Shows Erosion of Corporate Accountability Under Trump
That may be a reflection of the end of the financial crisis cases, but the new chairman of the Securities and Exchange Commission, Jay Clayton, stated during his confirmation hearing
that “shareholders do bear those costs and we have to keep that in mind.”
A report issued by the Environmental Integrity Project last week shows
that federal environmental enforcement has also dropped, with fewer lawsuits against companies and a 60 percent drop in civil penalties during the first six months of the new administration
reported that Wells Fargo is facing new questions about failing to refund insurance payments to borrowers who repaid their car loans early, and
that it forced some to take unneeded collision insurance that pushed more than 250,000 borrowers into delinquency, including 25,000 whose cars were repossessed improperly.