April 6, 2017
- The CEO of one of America’s largest and most influential banks has called for significant changes to the FHA’s mortgage rules. Many of the mortgage rules now in place came after America’s financial crisis. Jamie Dimon, CEO of JPMorgan Chase names the changes as “too costly for consumers.“
- Banking giant, Wells Fargo, recently uncovered an employee scandal. Over 5,000 employees opened fake accounts in order to receive additional sales bonuses. Recently, the bank reached a 110 million dollar settlement in a class action lawsuit brought by customers affected by the scandal.