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NY Fed president compares Wells Fargo fake account scandal to subprime mortgage crisis

NY Fed president compares Wells Fargo fake account scandal to subprime mortgage crisis

by | Mar 22, 2017 | Foreclosure Defense News, Tactics, and Tips

The president of the Federal Reserve Bank of New York told the Banking Standards Board in London on Tuesday that he sees quite a few similarities between the Wells Fargo fake account scandal and the subprime mortgage crisis of the late 2000’s. New York Fed President...