According to Ken Sweet, writing for the Associated Press, "Wells Fargo will pay $1 billion to federal regulators to settle charges tied to misconduct at its mortgage and auto lending business, the latest punishment levied against the banking giant for widespread customer abuses."
The bank "has admitted to a number of abusive practices across multiple parts of its business that duped consumers out of millions of dollars."
If you are still a Wells Fargo customer... WHY? It's time to join your local credit union!
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