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Reuters exclusively reports Wells Fargo says auto insurance remediation will not wrap up until 2020

Reuters exclusively reports Wells Fargo says auto insurance remediation will not wrap up until 2020

Reuters reported exclusively that scandal-plagued bank Wells Fargo has now admitted to lawmakers in private that its effort to compensate customers forced to buy unwarranted car insurance would not finish before the end of next year. So far, bank executives have publicly said they wanted to finish the program early in 2019 which would allow the bank to avoid being subject to Federal Reserve’s asset limits.