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Wells_Fargo

Wells Fargo to Pay $2.09 Billion Penalty for Mortgage Loan Abuses…

August 2, 2018 at 7:43 pm

The Justice Department announced that embattled Wells Fargo, which has seen its name feature in virtually every prominent banking scandal in the past year, will pay a civil penalty of $2.09 billion under the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) based on the bank’s alleged origination and sale of residential mortgage […]

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