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Wells Fargo settles CFPB allegations for $3.7B

Por: The Hill Politics December 21, 2022

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Wells Fargo on Tuesday agreed to a $3.7 billion settlement with the Consumer Financial Protection Bureau (CFPB) to resolve allegations against the banking giant for misapplied loans, wrongfully foreclosed homes and illegally repossessed vehicles. CFPB said it ordered Wells Fargo to pay $2 billion to customers affected by its policies and a $1.7 billion civil penalty for the legal violations. . The $1.7 billion civil penalty will go into the... + full article



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