KM Financial Solutions | UPDATE 2-Wells Fargo agrees to pay $1 bln to settle customer abuses
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UPDATE 2-Wells Fargo agrees to pay $1 bln to settle customer abuses

UPDATE 2-Wells Fargo agrees to pay $1 bln to settle customer abuses

April 20 (Reuters) – Wells Fargo & Co will pay $1
billion to settle with U.S. regulators who say the bank wrongly
layered insurance on hundreds of thousands of drivers and
routinely hit homebuyers with excessive fees, officials said on
Friday.

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