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Photo: Justin Sullivan/Getty Images
Wells Fargo is being fined $1 billion by the Consumer Financial Protection Bureau for auto loan and mortgage abuses against their clients, reports the AP, making it the largest fine against a bank dished out by the Trump Administration.
The backdrop: In 2017 it was revealed that the bank was charging customers for car insurance they didn't need, and charging others for missing mortgage payment deadlines to ensure certain interest rates.