U.S. CFPB orders Wells Fargo to pay $3.7 billion in penalties for mismanagement

(Reuters) – The U.S. Consumer Financial Protection Bureau (CFPB) on Tuesday ordered Wells Fargo & Co to pay a penalty of $3.7 billion, citing widespread mismanagement of auto loans, mortgages and deposit accounts.

(Reporting by Manya Saini in Bengaluru; Editing by Shailesh Kuber)