A federal judge ordered Wells Fargo to pay $3.1 million in punitive damages over its mishandling of a homeowner’s loan, according to a report in the Huffington Post. The opinion was issued by Elizabeth Magner, a federal bankruptcy judge in the Eastern District of Louisiana. Manger described Wells Fargo’s behavior as “highly reprehensible” in its […]
Category: The Great Mortgage Cover-Up
The Center for Public Integrity reveals one of the hidden causes of the financial crisis – how corporate codes of silence and whistleblower abuse helped lenders flood the nation with toxic mortgages.
