3/27/23: The Irony of Today's Banking Crisis
How regulators are harming rather than protecting consumers
THE TRUTH ABOUT YOUR FUTURE with Ric Edelman · Ric Edelman
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Show Notes
It's Monday, March 27th, and I am astonished that Wells Fargo is paying yet another $300 million to settle yet another class action lawsuit. In this particular case, this lawsuit alleged that the bank forced hundreds of thousands of its customers to buy unnecessary insurance when getting an auto loan. This is just the latest in a long string of financial fines and lawsuits, settlements that Wells Fargo has incurred since 2000.
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Links from today's show:
Wells Fargo agrees to pay $300 million to settle with shareholders over auto insurance disclosures
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