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Business News: Wells Fargo says it faces $1 billion penalty for mortgage, auto business misdeeds

Wells Fargo said Friday that it faces a potential $1 billion in fines to resolve government investigations into the megabank’s behavior in the auto and mortgage markets. The bank has acknowledged that it charged thousands of customers for auto insurance they didn’t need, driving some to default on their loans and lose their cars through repossession.…


Source:www.washingtonpost.com


Posted: 2018-04-13 15:52:40

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