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Wells Fargo to pay $85M fine to Fed in mortgage-abuse case

BY: Associated Press
POSTED: July 20, 2011
Tags: , , , , , , , , ,

WASHINGTON — Wells Fargo & Co. has agreed to pay $85 million to settle civil charges that it falsified loan documents and pushed borrowers toward subprime mortgages with higher interest rates during the housing boom. The fine is the largest ever imposed by the Federal Reserve in a consumer-enforcement case, the central bank said Wednesday. [...]


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Maryland Family Law Monthly

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Maryland Moment – Marking Memorial Day

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A “Field of Flags” was installed by residents of the Charlestown retirement community in Catonsville in preparation for Memorial Day. Each of the 500 flags was sponsored by a local business for $35, with proceeds going to the Wounded Warrior Project and the Charlestown Benevolent Care Fund. Photo submitted by Mel Tansill.

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