Read why top U.S. consumer finance regulator hit Wells Fargo with $3.7b in fines and consumer refunds

Last week, the CFPB ordered Wells Fargo to pay more than $2b in redress to consumers and a $1.7b penalty for legal violations in mortgage, auto, and other product lines. Here’s their announcement with details.

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Check It Out:

– CFPB Orders Wells Fargo to Pay $3.7 Billion for Widespread Mismanagement of Auto Loans, Mortgages, and Deposit Accounts | Consumer Financial Protection Bureau