CFPB Purchases Wells Fargo to invest $step three.7 Million to own Widespread Mismanagement out-of Automotive loans, Mortgages, and you will Put Account

CFPB Purchases Wells Fargo to invest $step three.7 Million to own Widespread Mismanagement out-of Automotive loans, Mortgages, and you will Put Account

Business repeatedly misapplied mortgage repayments, wrongfully foreclosed with the belongings and you can illegally repossessed automobile, wrongly examined charges and desire, charged shock overdraft fees, with other unlawful pastime impacting over sixteen billion user levels

Arizona, D.C. – An individual Monetary Safeguards Agency (CFPB) are buying Wells Fargo Bank to invest more than $2 mil inside redress to help you people and an effective $step one.seven mil civil penalty getting judge violations all over a few of their prominent product lines. Read more