Wells Fargo will pay a $1 billion to settle several allegations, including that it improperly charged mortgage customers fees to lock-in interest rates. The Consumer Financial Protection Bureau and the Office of the Comptroller of the Currency announced the settlement on Friday, following several reports that the agreement was looming, CNBC reported. Back in December, President Trump tweeted that the bank wouldn’t escape penalties linked to the alleged mortgage lending abuse and would perhaps face […]
source https://therealdeal.com/2018/04/20/wells-fargo-to-pay-1b-to-settle-claims-of-mortgage-lending-abuses/
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