Comment on Wells Fargo to pay $1 billion in fines over auto, mortgage lending abuses

Wells Fargo to pay $1 billion in fines over auto, mortgage lending abuses

Federal regulators slapped Wells Fargo & Co. with a fine of $1 billion on Friday, punishing the San Francisco bank for abuses that harmed mortgage and auto loan borrowers, and for what regulators said was a pervasive and “reckless” lack of risk management. The penalty, announced by the Office of...

 

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