Auto insurance

CUNA Mutual Group acquires ForeverCar

11/12/20

The deal, intended to bolster CUNA Mutual's digital capabilities, is the company's second such move in a month.

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Wells Fargo to pay $385 million to settle auto insurance scam

06/07/19

The bank was accused of forcing borrowers to pay for insurance they did not need, pushing almost 250,000 of them into delinquency, according to a 2017 lawsuit.

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House Dem proposes banning use of credit scores for auto insurance

03/18/19

First-term Rep. Rashida Tlaib, D-Mich., has sponsored the Prevent Discrimination in Auto Insurance Act in order to prevent “undue burden” on low-income individuals seeking auto insurance.

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Wells Fargo to pay state regulators $575M over phony accounts, other scandals

12/28/18

The cost of Wells Fargo's scandals continues to rise as regulators from all 50 states forced the institution to pay hundreds of millions in penalties for the creation of fake accounts, improper enrollment in life insurance, force-placed auto insurance policies and other activities.

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CFPB fines Santander Consumer for auto add-on product

11/20/18

The agency alleges the subprime auto lender violated consumer finance laws by misrepresenting the level of guaranteed insurance protection.

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How huge Wells fine could leave customers in the cold

04/27/18

Not a penny of the $1 billion fine against Wells Fargo will end up in the hands of customers harmed by practices flagged by regulators.

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$1B fallout: Where does Wells go from here?

04/20/18

The costly order against Wells Fargo contains both unexpected good news for the bank and more potential problems for its CEO.

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Wells' $1B penalty: Regulators make good on Trump tweet

04/20/18

Months after President Trump vowed that Wells Fargo would pay a severe penalty, the CFPB and OCC hit the bank with a $1 billion fine to settle claims it overcharged customers for auto insurance and home loans.

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Wells Fargo’s penance: What’s been done, what’s to come

04/19/18

The latest fine from regulators is expected to be leveled against the bank as early as Friday. But it's far from the only penalty it has paid in recent years, and more may be on the way.

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