Wells Fargo ordered to pay $3.7 billion for mismanaging customer funds

Wells Fargo ordered to pay $3.7 billion for mismanaging customer funds

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Banking giant Wells Fargo was ordered by federal agencies on Tuesday to pay $3.7 billion for allegedly mismanaging millions of auto loans, mortgages, and deposit accounts. The Consumer Financial Protection Bureau said in a statement that Wells Fargo will pay $2 billion in repayments to consumers,…

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