Wells Fargo could face additional sanctions due to auto insurance practices

auto insurance practices fine penalty

The bank may be facing even more penalties from a federal regulator due to mortgage and insurance scandals. Wells Fargo & Co. may already have faced penalties for its mortgage and auto insurance practices but they don’t seem to be over yet. A federal regulator may be applying more sanctions to the bank as a result of practices that have come to light over the last few months. Among the car insurance practices was one that forced car loan customers to pay for unnecessary coverage. Last week, the Wall Street…

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