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Wednesday, Feb 1, 2023
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Wells Fargo to Pay $591 Million to Fannie Mae

Wells Fargo & Co. said Monday that it has agreed to pay $591 million to settle disputes over soured mortgages the bank sold to Fannie Mae during the subprime housing boom, says the Los Angeles Times. The Times also reports that a recent Times investigation into the intense sales culture at Wells Fargo has drawn strong reaction from the bank’s customers and employees.

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