The CFPB said the settlement amount consists of a record $1.7 billion civil penalty and more than $2 billion to customers.
Wells said in a statement that the bank had already taken many of the “required actions” linked to the agreement.
Estimated reading time: 0 minutes, 21 seconds
Wells to Pay $3.7B in CFPB Settlement Over Customer Abuses
Wells Fargo has reached a $3.7 billion settlement with the Consumer Financial Protection Bureau over consumer abuses involving overdraft fees, mortgages and auto loans. So reports CNBC.
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