Wells Fargo Pays $3.25 Billion in Q4 for Mortgage Regulatory Investigations, Sales Practices

HousingWire, Jan. 12, 2018–Kelsey Ramirez
The bank’s fourth quarter earnings show Wells Fargo paid a total of $3.25 billion in pre-tax expenses for litigation accruals on a variety of matters including mortgage-related regulatory investigations, sales practices and other consumer-related matters. A majority of this expense was not tax deductible.