this post was submitted on 08 Aug 2023
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Banks hit with $549 million in fines for use of Signal, WhatsApp to evade regulators’ reach::Wells Fargo, a relatively small player on Wall Street, racked up the most fines Tuesday, with a total of $200 million in penalties.

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[–] FuglyDuck@lemmy.world 50 points 1 year ago (10 children)

they really need to start with forfeiting all profits. and then maybe a percentage-based fine on top of that.

make it really painful, in the only place these people can be hurt.

[–] FlyingSquid@lemmy.world 19 points 1 year ago

They need to start throwing these criminal fucks in prison.

[–] db2@sopuli.xyz 5 points 1 year ago (2 children)

They'll just pass it along to the customers though, that would have to be made very illegal first.. and even then they'd probably do it anyway and blame it on the tellers. In the sea of illegal things Wells Fargo has already done that wouldn't even make a ripple.

[–] Kecessa@sh.itjust.works 1 points 1 year ago

Can't pass anything to the customer if your business got closed by the authorities.

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