Wells Fargo (WFC 1.24%), Bank of America (BAC 2.06%), and JPMorgan Chase (JPM 1.94%) have all been forking money over to the FHFA, the conservator for Fannie Mae and Freddie Mac. With reports claiming that Wells Fargo's latest payout is significantly less than JPMorgan's, is the San Francisco-based bank getting off easy? In this segment of The Motley Fool's financials-focused show, Where the Money Is, banking analysts Matt Koppenheffer and David Hanson discuss the long-term meaning of this settlement.

What's next for banks
The golden age of banking is dead. But if you want to learn how to take advantage of the impending bank renaissance, click below to discover the one company leading the way. You see, this fast-growing company is poised to disrupt big banking's centuries-old practices. And stands to make early investors like YOU a fortune... if you act now. Our brand new investor alert Big Banking's Little $20.8 Trillion Secret lays bare every banker's darkest secret for the world to see. Simply click HERE for instant access!