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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 Moment – Storm clouds over Stevenson

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An early-morning wave of storm clouds moves through Stevenson on Thursday. (Maximilian Franz/The Daily Record)

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