Wells Fargo & Co. and authorities struck a $3.7 billion settlement in order for the company to address claims that its conduct affected nearly 16 million customers. Follow benzinga What Happened: A $1.7 billion fine and more than $2 billion in consumer compensation are part of the agreement with the Consumer Financial Protection Bureau (CFBC), the regulatory body announced on Tuesday. According to the CFBC, the bank improperly charged fees and interest rates on loans for homes and cars. The agency said that overdraft fees were unfairly imposed on some customers and that some consumers' vehicles were unjustly repossessed. “Wells Fargo’s rinse-repeat cycle of violating the law has harmed millions of American families,” said Director Rohit Chopra. Find out more on benzinga.com, link in bio. benzinga . . . . . . #money #wellsfargo #business #stocktrading #entrepreneur #investing #settlement #trading #forex #crypto #cryptocurrencies #consumers #stockmarket #stockmarketinvesting #law #...