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Wells Fargo To Pay States $575 Million Over Sales Practices

FYI: Wells Fargo & Co. will pay $575 million to settle state-level claims over the bank's sales practices.

The settlement with 50 states and the District of Columbia announced Friday resolves state investigations into Wells Fargo's practices from 2002 to 2017. The practices, which have previously been disclosed, include opening bogus accounts, charging improper mortgage rate-lock extension fees and forcing insurance policies on auto-lending customers.
Regards,
Ted
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