Wells Fargo to Pay $575 Million in 50-State Settlement over Sales Practices

(From The Hill)

Wells Fargo will pay $575 million in a settlement with all 50 states and the District of Columbia after the bank is accused of charging millions of customers for unwanted accounts and financial products.

Iowa Attorney General Tom Miller announced Friday that Wells Fargo had agreed to the massive settlement after a probe led with his counterparts in Arizona, Connecticut and Pennsylvania.

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