08-09-2016 23:33 via news.yahoo.com

Wells Fargo will pay $190 million to settle customer fraud case

Wells Fargo has long been the envy of the banking industry for its ability to sell multiple products to the same customer, but regulators on Thursday said those practices went too far in some instances. "We regret and take responsibility for any instances where customers may have received a product that they did not request," the bank said of a settlement reached Thursday with California prosecutors and federal regulators. The Consumer Financial Protection Bureau will receive $100 million of the
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