Trump administration hid a report showing that banks charged students high fees [CNN]
Wells Fargo & Company (WFC)
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Source: CNN
What you need to know about the CFPB New York (CNN) For months, the Trump administration hid a report showing that banks charged high fees to college students who opened accounts and held debit cards -- and that Wells Fargo charged more on average than any other financial institution. The report, which was done by the Consumer Financial Protection Bureau, was only released publicly only last week after consumer advocacy groups submitted freedom of information requests for the document. A copy was sent from the agency to the Department of Education in February. Seth Frotman, the former student loan ombudsman at the Consumer Financial Protection Bureau, had accused agency heads of burying the report when he quit in protest earlier this year. When new evidence came to light showing the nation's largest banks were ripping off students on campuses across the country by saddling them with legally dubious account fees, bureau leadership suppressed the publication of a report prep
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WFC
Earnings
- 4/12/24 - Beat
WFC
Sec Filings
- 4/25/24 - Form 424B2
- 4/23/24 - Form 8-K
- 4/23/24 - Form PX14A6G
- WFC's page on the SEC website