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New York Department of Financial Services

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Wells Fargo ordered to pay $4 million for HELOC violations 

Feb 05, 2015By

Wells Fargo will pay a $4 million penalty after an investigation by the New York Department of Financial Services found that a former affiliate of the bank falsified mortgage loan origination files, made loans to customers that were secured by an interest in the borrower’s home, and committed other infractions in violation of New York State law.

3d rendering of a row of luxury townhouses along a street

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