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Regulatory burden eases further, as CFPB terminates 2022 punishment

Consumer Financial Protection Bureau has terminated a 2022 order punishing Wells Fargo for allegedly mishandling auto loans and mortgages, the bank said on Tuesday, bringing it a step closer to having the $1.95 trillion asset cap imposed on the bank removed.

The bureau had accused the bank of improperly repossessing customers' vehicles and imposing certain fees and charges erroneously.



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