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WEKU
WEKU
Business
Chris Arnold

Wells Fargo to pay $3.7 billion settling charges it wrongfully seized homes and cars

Wells Fargo CFPB Consumer Financial Protection Bureau Rohit Chopra Charlie Scharf
The Consumer Financial Protection Bureau (CFPB) has ordered Wells Fargo to pay billions in fines and redress to mistreated consumers. (Jakub Porzycki/NurPhoto via Getty Images)

Wells Fargo has agreed to a $3.7 billion deal with regulators to settle charges that it took advantage of customers on their auto loans, mortgages and bank accounts.

The Consumer Financial Protection Bureau said for some customers the bank's wrongdoing had especially dire consequences.

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