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Wells Fargo Forced Excessive Car Insurance on Borrowers

Wells Fargo Forced Excessive Car Insurance on Borrowers

Significantly more than 800,000 individuals who took away car and truck loans from Wells Fargo were charged for automobile insurance they would not require, plus some of these continue to be spending money on it, based on a report that is internal for the bank’s professionals.

The trouble associated with the unneeded insurance coverage, which covered collision harm, forced roughly 274,000 Wells Fargo clients into delinquency and lead to nearly 25,000 wrongful car repossessions, in line with the 60-page report, that was acquired by The New York instances. (more…)

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