Posted inFinance, Inequality, The Great Mortgage Cover-Up

Wells Fargo hit with $3.1 million fine in mortgage servicing mess

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 […]