On Tuesday, federal regulators ordered Wells Fargo to pay nearly $4 billion in penalties and compensation after it was found the bank engaged in illegal activity that harmed millions of customers. Over 5,300 people were fired for taking part in this illegal activity. The company also admits that over half a million customers were enrolled in car insurance that they didn't want or need end up to 20,000 people had their cars repossessed because they defaulted on loans due to unnecessary costs charged by the bank. They even wrongfully foreclosed on thousands of homes after misapplying mortgage payments.