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Wells Fargo to pay $1B for mortgage, auto lending abuses

NEW YORK – Wells Fargo is being fined a combined $1 billion by two federal regulators for abuses tied to its mortgage and auto lending businesses. The bank will pay $500 million to the Office of the Comptroller of the Currency, its main bank regulator, as well as $500 million to the Consumer Financial Protection Bureau. 
Source: WA news

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