# Professor Lawrence White comments on Wells Fargo's $1 billion fine by the Consumer Financial Protection Bureau and Office of the Comptroller of the Currency

1 Faculty News April 19, 2018 ![The New York Times Logo](/sites/default/files/styles/246w/public/assets/images/uat_027320.jpg?itok=W8xBr66g)>

Excerpt from [The New York Times](https://www.nytimes.com/2018/04/19/business/wells-fargo-cfpb-penalty.html) -- "'The Wells activities are so egregious, they are unique,' said [Lawrence J. White](http://www.stern.nyu.edu/faculty/bio/lawrence-white), a professor at New York University’s Stern School of Business. 'I don’t think this tells us one way or the other about the future direction of the C.F.P.B.'"

[Read more](https://www.nytimes.com/2018/04/19/business/wells-fargo-cfpb-penalty.html)