Big Banks Are Still Behaving Badly
Meanwhile, a bill that would allow the victims of terrorism to sue the states that sponsor such acts has passed the House and is on the way to the president's desk, where it is sure to be vetoed. However, this bill has such broad and bipartisan support that we may be on the verge of a first-ever Congressional override of an Obama veto. How did the White House end up here? We'll lay it out.
Finally, the Consumer Financial Protection Bureau has levied a huge fine on Wells Fargo bank, after it was revealed that thousands of Well Fargo employees were routinely, and purposefully, charging their customers bogus fees. It was a dumb and venal scam that we're all glad was caught out by the CFPB. But can a hefty fine cure a diseased corporate culture?
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