It’s starting with Wells Fargo, but it’s sure to continue with other banks. Over fining banks hurts consumers as it forces banks to increase their costs. End of story.
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Turn that check over and write pay to the order of the cfpb and mail it to them. Bet it gets cashed
Wells Fargo returned $3.1 billion to shareholders in the first quarter of 2017 through common stock dividends and net share repurchases. A few hundred million in fines and penalties for bad behavior may make them more honest in their consumer dealings. But probably not.
https://www.wellsfargo.com/about/investor-relations/quarterly-earnings/