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TETELESTAI Notification List

The TETELESTAI (It is finished) email which will contain the first 800#'s will be posted first on a private page and will be sent out to everyone subscribed to the private page's feed.

If you wish to subscribe to the private page's feed, please visit the TETELESTAI page located HERE and access the private page.

If you're having trouble please give me an email at TetelestaiDC@gmail.com

(Note: The TETELESTAI post is the official "Go" for redemption/exchange.)

Guest Posting & Responding Now Available

Dinar Chronicles is now allowing viewers to guest post and respond to articles. If you wish to respond or speak your mind and write a post/article or about the current situation relating to Iraq, the RV, the GCR and so on. You may now send in an entry.

All you need to do is send your entry to UniversalOm432Hz@gmail.com with these following rules.

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Featured Post

Restored Republic via a GCR: Update as of Aug. 20, 2017

Restored Republic via a GCR Update as of Aug. 20 2017 Compiled 12:21 am EDT 20 Aug. 2017 by Judy Byington, MSW, LCSW, ret, CEO, Child Abus...

Thursday, August 3, 2017

Regulators Going After Wells Fargo for Auto Insurance Scandal

Regulators Are Going After Wells Fargo For An Auto Insurance Scandal Impacting 500,000 Consumers

Ryan Felto



Photo: AP

Last week, Wells Fargo announced it would reimburse $80 million to 570,000 people who may have been unfairly charged high auto collateral protection insurance—and as many as 20,000 people lost their car as a result. Expectedly, given the egregious conduct at hand, regulators are trying to figure out what happened.

Wells Fargo & Co., the bank struggling with multiple consumer scandals, was sent subpoenas by…Read more

The New York attorney general and New York’s Department of Financial Services dug in their heels and issued subpoenas to the bank over practices in its auto lending unit, Bloomberg reports. Eric Schneiderman, the AG, is focusing on the unnecessary sale of collateral protection insurance, Bloomberg says. The financial services department’s aim is unclear.

The decision to repay as much as $80 million to clients came as a result of an internal audit, according to Bloomberg:

The San Francisco-based bank last week said it may have pushed thousands of car buyers into loan defaults and repossessions by charging them for unwanted insurance. The bank said an internal review of its auto lending found more than 500,000 clients may have unwittingly paid for protection against vehicle loss or damage while making monthly loan payments, even though many drivers already had their own policies. The firm said it may pay as much as $80 million to clients with policies placed between 2012 and 2017 — with extra money for as many as 20,000 who lost cars, “as an expression of our regret.”

Customers promptly filed suit once the scandal emerged. One proposed class-action suit accused the bank of racketeering violations and fraud after Wells “admitted to charging several hundred thousand borrowers for auto insurance they did not ask for or need, causing many delinquencies,” CNBC reported.

“Wells Fargo has long lost the right to decide what is best for its customers,” Roland Tellis, a lawyer for the plaintiffs, told CNBC.

The scandal spurred a familiar foe of Wall Street to speak out, too, on Wednesday:

Schneiderman’s office and Wells Fargo didn’t immediately respond to requests for comment.

Source: Jalopnik

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