News

Midweek Roundup: Lawmakers Expand Wells Fargo Inquiry, Trump Rented Office Space to Bank Melli, and More

Wells Fargo's unauthorized opening of as many as 2 million accounts and secret approval of 500,000 credit cards under the names of existing clients also affected approximately 10,000 small businesses, an unnamed source told Reuters. More U.S. Senator Sherrod Brown (D-OH) pledged to introduce legislation that would enable Wells Fargo customers affected by the scheme to sue for damages and preventing banks from including "forced" arbitration clauses in their contracts with customers, according to The Wall Street Journal. Democratic presidential candidate Hillary Clinton has unveiled a similar plan, Reuters said. More and More Republican presidential candidate Donald Trump's real-estate firm...

TO READ THE FULL STORY