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Wells Fargo Unit to Pay $1.9M in ARS Settlement

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State securities regulators reached settlements in principle with Wells Fargo under which the firm will pay $1.9M in penalties and buy back about $1.4B of illiquid auction ...

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What the Mortgage Settlement Means to Banks
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The $25 billion mortgage robo-signing settlement is:
Political extortion from the banks in an election year
A slap on the wrist — the banks put reserves away for this long ago, they won't even feel it
A source of relief for both banks and homeowners that could help the housing market and economy recover

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17th Annual Best Practices in Retail Financial Services Symposium
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