Organization a couple of times misapplied loan repayments, wrongfully foreclosed into the belongings and you will illegally repossessed vehicles, incorrectly reviewed charge and you may notice, energized treat overdraft costs, along with other unlawful passion affecting over 16 billion consumer account
Arizona, D.C. The user Financial Safety Agency (CFPB) try purchasing Wells Fargo Lender to pay more $dos mil inside redress to consumers and you may a beneficial $step one.seven billion civil punishment to possess courtroom abuses across some of their premier product lines. New bank’s unlawful conduct led to billions of dollars when you look at the economic damage to its consumers and you will, to possess tens and thousands of consumers, losing its auto and you will home.