Category: cfpb
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Wells Fargo Ordered To Pay $3.7 Billion For Mismanagement Of Auto Loans, Mortgages & Deposit Accounts
Written by William Charles @ Doctor Of Credit The Consumer Financial Protection Bureau (CFPB) has ordered Wells Fargo to pay $3.7 billion for widespread mismanagement of auto loans, mortgages and deposit accounts. $1.7 billion will be paid as a fine to CFPB’s Civil Penalty Fund and an additional $2 billion will be paid to 16…