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Home / News / Wells Fargo to pay $1B for mortgage, auto-lending abuses

Wells Fargo to pay $1B for mortgage, auto-lending abuses

Wells Fargo will pay $1 billion to federal regulators to settle charges tied to its mortgage and auto-lending business, the latest chapter in a wide-ranging scandal at the banking giant. However, it appears that none of the $1 billion will go directly to the victims of Wells Fargo's abuses. In a settlement announced Friday, Wells will ...

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