trending Market Intelligence /marketintelligence/en/news-insights/trending/WJkUhex8tM5bhHw0EY565g2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

DOJ fines Wells $4.1M for servicemembers' car repossessions

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund

Street Talk Episode 65 - Deferral practices trap US bank portfolios in purgatory


DOJ fines Wells $4.1M for servicemembers' car repossessions

Wells FargoBank NA (d/b/a Wells Fargo Dealer Services) will pay more than $4.1million in connection with the U.S. Justice Department's claims that it repossessed413 cars in violation of the Servicemembers Civil Relief Act.

The Act prevents some civil cases against servicemembersfrom proceeding while the defendants are in military service. The DOJ began itsprobe in March 2015 and "found a pattern of unlawful repossessionsspanning over more than seven years," according to the press release.

The deal, which has yet to receive court approval, will seeWells pay $60,000 to the government and $10,000 each to eligibleservicemembers, plus lost equity in the vehicle with interest. Affectedclients' credit must also be repaired. At the same time, however, Civil RightsDivision Head Vanita Gupta "[commended Wells Fargo & Co.] for owning up to its shortcomingsand providing all the information" requested by the agency.

The OCC has reached a separate accord with Wells regardingthe violations.