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Wells Fargo to pay $3.7B over consumer loan violations
Updated at 11:31 a.m.
WASHINGTON (AP) – Consumer banking giant Wells Fargo agreed to pay $3.7 billion to settle a laundry list of charges that it harmed consumers by charging illegal fees and interest on auto loans and mortgages, as well as incorrectly applied overdraft fees against savings and checking accounts. The Consumer Financial Protection Bureau on Tuesday ordered…