
Who Actually Caught Wells Fargo?
Is the CFPB taking undeserved credit for catching Wells Fargo's misconduct? Wells Fargo says it self-reported the problems to the OCC in 2013 and the CFPB two years later, and the L.A. City Attorney opened its investigation after a report in the Los Angeles Times. "So I am not sure this is a great investigation by the CFPB. I think they had the violation handed to them." [9/23/16]