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Report: Fed regulators to fine Wells Fargo $1 billion

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Wells Fargo to pay $1 billion in fines over auto, mortgage lending abuses Wells Fargo & Co. will pay additional fines to federal regulators over practices that harmed mortgage and auto loan customers.

A U.S. banking regulator is seeking a record fine of as much as $1 billion against Wells Fargo for auto insurance and mortgage lending abuses, news agency Reuters reported Monday.

Wells Fargo will pay a $1 billion fine to settle charges the bank charged mortgage borrowers inappropriate fees and forced loan customers to purchase unnecessary auto insurance, two federal agencies.

Federal regulators are poised to impose a $1 billion fine on Wells Fargo for years of selling unnecessary products to customers, the toughest action by the Trump administration against a major bank.

 · The New York Times and other news outlets are reporting that federal regulators plan to fine Wells Fargo as much as $1 billion as early as Friday.

Reports: Well Fargo To Be Fined $1 Billion Federal regulators will reportedly fine Wells Fargo $1 billion for forcing consumers to buy insurance policies they didn’t need and other offenses.

 · New York – Federal regulators plan to fine Wells Fargo as much as $1 billion as early as Friday for abuses tied to its auto-lending and mortgage businesses, The.

WASHINGTON (CNNMoney) – Two federal regulators are close to fining Wells Fargo $1 billion for forcing customers into car insurance and charging mortgage borrowers unfair fees. The hefty penalty.

SAN FRANCISCO – Wells. regulators right now, but like Rocky in the movie, they get bloodied, they get knocked down, but they keep getting up,” Thomas said. Mosby believes Wells Fargo could.

WASHINGTON (CNNMoney) – Two federal regulators are close to fining Wells Fargo $1 billion for forcing customers into car insurance and charging mortgage borrowers unfair fees. The hefty penalty.

WASHINGTON (CNNMoney) – Two federal regulators are close to fining Wells Fargo $1 billion for forcing customers into car insurance and charging mortgage borrowers unfair fees. The hefty penalty.

Federal regulators plan to fine Wells Fargo as much as $1 billion as early as Friday for abuses tied to its auto-lending and mortgage businesses, The New York Times and other news outlets reported.