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CFPB Purchases Wells Fargo to expend $step three.eight Mil for Prevalent Mismanagement out of Automobile financing, Mortgages, and you can Put Accounts Business many times misapplied financing repayments, wrongfully foreclosed for the house and you will illegally repossessed vehicle, improperly reviewed charge and you will focus, energized treat overdraft charges, together with other unlawful craft affecting more 16 million individual levels Washington, D.C. The consumer Financial Security Bureau (CFPB) are purchasing Wells Fargo Lender to pay more than $dos mil from inside the redress so you're able to users and you may a beneficial $1.eight mil civil punishment to have court violations round the several of the prominent product lines. Brand new bank's illegal conduct resulted in vast amounts of dollars in the financial injury to the consumers and you…