Modified date: March 20, 2019
This week’s news is packed with cautionary stories for consumers—and especially for investors. The buyer Financial Protection Bureau slapped mega-bank Wells Fargo by having an $185 million fine for perpetrating massive fraudulence on a unique customers—opening up an incredible number of unwelcome reports and bank cards.
The Wall Street Journal also offers a report for an investment that is new referred to as organized certificate of deposit, which guarantees greater returns but often underperforms its more traditional brethren. While less headline-grabbing than the Wells Fargo fraudulence, it provides classes relevant to numerous the areas of individual finance.
Here’s everything you can study on this week’s scandals and exposes.
Scandal no. 1: Fraud at Wells Fargo