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Wells Fargo has ripped off Veterans, Auto Loan customers and Homeowners: The Feds do nothing.

Livinglies's Weblog

Wells Fargo’s legal challenges pile up as the bank tries to rebuild customer trust

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Wells Fargo CEO Tim Sloan took over the company last year after the fake accounts scandal. Time


New legal challenges are piling up for Wells Fargo as the U.S. banking giant tries to rebuild trust with customers and investors after a scandal over millions of unauthorized accounts.

The San Francisco-based bank says it has discovered “issues” involving customer refunds from optional guaranteed asset protection or so-called GAP coverage that’s sold to auto loan borrowers when they buy a vehicle.

Separately, a new federal lawsuit has accused Wells Fargo’s merchant services unit of misleading businesses about fees for credit card processing.

Added to a collision insurance…

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