Wells Fargo's (WFC) Slow Remedial Moves Might Prompt Sanctions - NewsBreak

WFC - Free Report) previous sales practice scandals, shares of the fourth-largest bank in the country closed 5.6% lower in the prior day's trading. Bloomberg reported that per people with knowledge of the situation, the Office of the Comptroller of the Currency ("OCC") and the Consumer Financial Protection Bureau ("CFPB") have privately indicated that the bank might face new sanctions, ensuing unsatisfactory progress on remedial efforts and fulfilling its obligations.