December 19, 2017

Vox: Wells Fargo cheated millions of customers. The Republican tax bill is about to hand it a big win.

In 2018, Wells Fargo could get the best tax deal of all the big banks.

Wells Fargo in 2016 was fined $185 million for issuing millions of fake credit card accounts. In 2017, it was caught overcharging clients on currency trades and improperly charging homebuyers to lock into low mortgage rates.

And in 2018, it could be about to get the best tax deal of all the big banks.


"Rather than holding Wells Fargo responsible for cheating its customers, Republicans are looting the Treasury to funnel billions of dollars to the bank," Sen. Elizabeth Warren (D-MA) said in an emailed statement to me, reacting to Wells Fargo's steep benefits from the tax bill. "For the Republican Party, there is no accountability for the rich and powerful - only more handouts."

Read the full article on the Vox website here.