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Wells Fargo agrees to historic $3.7B fine
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Banking, Consumer Protection, Dodd-Frank Basics, Government Oversight
Tuesday, December 20, 2022
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Wells Fargo reached a settlement agreement with the Consumer Financial Protection Bureau to pay a record-breaking $3.7 billion fine relating to consumer abuses tied to mortgages, auto loans, and overdraft fees. This settlement includes more than $2 billion in redress to consumers and a $1.7 billion civil penalty.
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