trending Market Intelligence /marketintelligence/en/news-insights/trending/j5laxytWe6tbv4okOU_QhA2 content esgSubNav
In This List

Report: OCC, CFPB investigating Wells Fargo over GAP insurance program

Blog

Insight Weekly: Bank boards lag on gender parity; future of office in doubt; US LNG exports leap

Blog

Insight Weekly: Job growth faces hurdles; shale firms sit on cash pile; Africa's lithium future

Podcast

Street Talk | Episode 99 - Higher rates punish bond portfolios, weigh on bank M&A

Blog

Insight Weekly: Loan growth picks up; US-China PE deals fall; France faces winter energy crunch


Report: OCC, CFPB investigating Wells Fargo over GAP insurance program

The Office of the Comptroller of the Currency and the Consumer Financial Protection Bureau are also investigating Wells Fargo & Co.'s guaranteed auto protection insurance program, the American Banker reported Aug. 8, citing "people with knowledge of the matter."

The New York Times earlier reported that the Federal Reserve Bank of San Francisco is probing the company regarding the issue.

The OCC had been in talks with Wells Fargo over the company's auto collateral protection insurance, wherein it wrongfully charged customers with premiums.