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  • Wells Fargo reaches $110 million class action settlement over fake accounts

    The fallout from Wells Fargo's fake account fiasco is far from over, as the bank announced late Tuesday that it reached a $110 million settlement in a class action lawsuit brought on behalf of the bank’s customers who had a fake account opened in their name. Click the headline to read more about the settlement.

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Fannie Mae, Freddie Mac return from the grave

Real estate is roaring back, and so are the players that, as much as any other, caused its crash, Fortune reports.

In fact, almost all the policy decisions that have been made since the government took control of Fannie Mae and Freddie Mac have failed miserably in the mission to de-emphasize their role in the economy — instead giving the pair unintended but powerful advantages and squeezing out private competitors.

Source: CNN Money
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