U.S. CFPB orders Wells Fargo to pay $3.7 billion in penalties for mismanagement By Reuters


© Reuters. Wells Fargo Bank branch is seen in New York City, U.S., March 17, 2020. REUTERS/Jeenah Moon

(Reuters) – The U.S. Consumer Financial Protection Bureau (CFPB) on Tuesday ordered Wells Fargo (NYSE:) & Co to pay a penalty of $3.7 billion, citing widespread mismanagement of auto loans, mortgages and deposit accounts.

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