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3/27/23: The Irony of Today's Banking Crisis
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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By Ric Edelman
3.2
380380 ratings
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.
-----
Links from today's show:
Wells Fargo agrees to pay $300 million to settle with shareholders over auto insurance disclosures
Brought to you by:
Global X ETFs
Invesco QQQ
Schwab
-----
Subscribe to podcast updates
The Truth About Your Future website
The Truth About Crypto
Have a question for Ric?
Follow Ric on social media:
YouTube
Disclosure page
-----
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