Walling bank regulators off from politics

Wells Fargo was just fined a total of $1 billion by the federal government’s Consumer Financial Protection Bureau and the Office of the Comptroller of the Currency.
The fines are not related to the fake-account scandal, for which the bank was fined over $100 million in 2016. This time Wells Fargo was penalized for requiring auto-loan borrowers to pay for insurance they didn’t need, and for charging mortgage borrowers fees to extend interest-rate locks even when the need for the exten