Exclusive: U.S. mulls further Wells Fargo sanction over sales abuses - source

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Exclusive: U.S. mulls further Wells Fargo sanction over sales abuses – source

Exclusive: U.S. mulls further Wells Fargo sanction over sales abuses – source

Reuters-

The main regulator for Wells Fargo & Co (WFC.N) is considering whether to sanction the U.S. bank over improperly charging customers for car insurance and mortgage loans, according to a source familiar with the matter.

The Office of the Comptroller of the Currency (OCC) has for weeks debated how to take action on the insurance and mortgage issues which came to light this summer, said the source.

And officials are considering whether to fault the bank for older consumer lending issues, said two sources familiar with the moves.

[REUTERS]

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