Wells Fargo has admitted it placed hundreds of thousands of unnecessary insurance contracts with its auto loan customers. Between 2012 and 2017, it placed approximately 570,000 customers into a form of insurance called collateral protection insurance, which duplicated their existing coverage.
from Forbes Real Time http://www.forbes.com/sites/antoinegara/2017/07/28/another-disaster-for-wells-fargo-troubled-bank-admits-selling-unnecessary-auto-insurance/
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