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Month: December 2018

Wells Fargo to pay states $575 million over sales practices

Wells Fargo to pay states $575 million over sales practices

The settlement with 50 states and the District of Columbia resolves state investigations into Wells Fargo’s practices from 2002 to 2017. The practices, which have previously been disclosed, include forcing insurance policies on auto-lending customers, opening bogus accounts and charging improper mortgage rate-lock extension fees.