April 3, 2025

The Newzz Owl

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Government Fined Wells Fargo $3.7 Billion

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The United States government have fined Wells Fargo $3.7 billion for “widespread mismanagement” and “illegal activities” such as misapplying loan payments, wrongfully foreclosing on homes, illegally repossessing vehicles, incorrectly assessing fees and interests, and charging surprise overdraft fees. $2 billion of the fine goes to compensate consumers.

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