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Wells Fargo ordered to pay customers $3.7B in consumer loan violations

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yahoo finance

#shorts The Consumer Financial Protection Bureau has ordered Wells Fargo to repay $2 billion to consumers and enacted a $1.7 billion penalty against the bank. Yahoo Finance senior producer Kelsey Barberio reports on the bank’s $3.7 billion payout to customers on December 20, 2022. Don’t Miss: Valley of Hype: The culture that built Elizabeth Holmes WATCH HERE: Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life. Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get the tools you need to invest […]

Lebanon bank customers take legal action after losing life savings

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AlJazeeraEnglish

The collapse of Lebanon’s economy has forced some bank customers to take legal action to try and recover their savings. But only a few have been successful. The banks are being accused of shifting their losses to customers by offering cheques worth a fraction of their deposits. Al Jazeera’s Zeina Khodr reports from Beirut, Lebanon. – Follow us on Twitter: https://twitter.com/AJEnglish/ – Find us on Facebook: https://www.facebook.com/aljazeera/ – Check our website: https://www.aljazeera.com/ #Lebanon