Events and Webinars; GDP Primer; Rates at 2014 Levels

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Posted To: Pipeline Press

“A billion here, a billion there, pretty soon, you’re talking real money,” was never actually uttered by Illinois politician Everett Dirksen. (“Oh, I never said that. A newspaper fella misquoted me once, and I thought it sounded so good that I never bothered to deny it.”) The big news late Friday was the CFPB & OCC announcing a settlement with Wells Fargo for auto-loan administration and mortgage practices – all lenders need adequate compliance or risk management programs, right? Wells Fargo said that the company would adjust its first quarter 2018 preliminary financial results by an additional accrual of $800 million, which is not tax deductible. According to the CFPB’s consent orders, apart from paying the fine, Wells Fargo will remediate harmed consumers and undertake…(read more)

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