Thursday, February 25, 2016

Despite $1.2B settlement, Wells Fargo still facing DOJ probe into mortgage operations

Despite recently agreeing to a $1.2 billion settlement with the federal government to resolve claims related to its Federal Housing Administration lending program from 2001-2010, Wells Fargo is still facing investigations into its “mortgage related practices” from the Department of Justice, as well as other federal and state agencies, the megabank disclosed this week.

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