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Wells Fargo Cited For Auto Insurance Abuses

  • Reuters, Wednesday, October 25, 2017 7:53 AM

Wells Fargo & Co wrongly pushed auto insurance on customers who did not need it and took too long to halt the abuse, the New York Times reported on Friday, citing a confidential report from a leading bank regulator. The report from the Office of the Comptroller of the Currency criticized the Wall Street bank for forcing numerous borrowers to buy unneeded auto insurance.

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