Trump says Wells Fargo’s penalties for ‘bad acts’ could be ‘substantially increased’

President Trump on Friday lashed out against Wells Fargo, insisting that fines against the embattled mega bank would not be scrapped and threatening even harsher penalties.

"Fines and penalties against Wells Fargo Bank for their bad acts against their customers and others will not be dropped, as has been incorrectly reported, but will be pursued and, if anything, substantially increased," Trump said in a tweet. "I will cut Regs but make penalties severe when caught cheating."

By Renae Merle

https://www.washingtonpost.com/news/business/wp/2017/12/08/trump-penalties-against-wells-fargo-could-be-substantially-increased/?hpid=hp_hp-cards_hp-card-business2%3Ahomepage%2Fcard&utm_term=.717bee422095