(Bloomberg) --Wells Fargo & Co.’s disclosure that it mayhave pushed thousands of car buyers into loan defaults andrepossessions by charging them for unwanted insurance is raisingdoubts about the lender’s ability to put proper controls inplace.
“The steady drip of revelations is concerning as it makesquantifying and qualifying the extent of the internal controlfailures difficult,” Isaac Boltansky, an analyst at Compass PointResearch & Trading, said Friday in an email. “Which isworrisome for both Washington and Wall Street."
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