Wells Fargo fines won't be dropped:Trump

PoliticsReuters

CFPB failed to protect Wells Fargo consumers?

FBN’s Gerri Willis on a report that the CFPB failed to protect consumers from the Wells Fargo scandal.

U.S. President Donald Trump said on Friday that government fines and penalties against Wells Fargo & Co will not be dropped and could be "substantially increased."

Continue Reading Below

More on this...

"Fines and penalties against Wells Fargo Bank for their bad acts against their customers and others will not be dropped, as has incorrectly been reported, but will be pursued and, if anything, substantially increased. I will cut Regs but make penalties severe when caught cheating!" Trump wrote.