Wells Fargo estimates that regulatory changes will cost $530 million

08/9/2010 | Wall Street Journal, The

Wells Fargo expects regulatory changes to cost the company an estimated $530 million in lost revenue this year. The loss comprises about $500 million from changes in overdraft rules and $30 million because of changes to credit card fees. Wells Fargo noted that many of the changes will take years to implement, with their effects difficult to determine.

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Wall Street Journal, The

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