Wells Fargo to Pay $1 Billion Fine for Mortgage, Insurance Sales Abuses

Wells Fargo & Co. will pay $1 billion to settle with U.S. regulators who say the bank wrongly layered insurance on hundreds of thousands of drivers and routinely hit homebuyers with excessive fees, officials said on Friday. The penalty was …

from News – Insurance Journal https://ift.tt/2Hku3AT
via IFTTT