Wells Fargo to pay $3.7 billion settling charges it wrongfully seized homes and cars

The Consumer Financial Protection Bureau (CFPB) has ordered Wells Fargo to pay billions in fines and redress to mistreated consumers.

The case marks the largest penalty ever imposed by the federal watchdog agency the Consumer Financial Protection Bureau. Customers who were harmed will receive $2 billion in restitution.

(Image credit: Jakub Porzycki/NurPhoto via Getty Images)



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