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Wells Fargo agrees to $575M payout for improper sales practices

Those improper practices affected retail sales, auto collateral protection insurance, Guaranteed Asset/Auto Protection and mortgage interest-rate lock matters, Wells Fargo says. The San Francisco-based bank reached the agreement with all 50 state attorneys general and the District of Columbia.

“This agreement underscores our serious commitment to making things right in regard to past…

Source: The Business Journal

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