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Wells Fargo to pay $65 million for allegedly lying to investors about fake accounts

Oct 22, 2018By

Wells Fargo’s had a rough last few years, and it doesn’t appear be getting any better. New York Attorney General Barbara Underwood announced Monday that the megabank has been ordered to pay a $65 million penalty, , following an investigation into the bank’s controversial “cross-selling” tactics, which led to the bank opening millions of accounts in customers’ names without their permission.

3d rendering of a row of luxury townhouses along a street

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