Wells Fargo will pay $3.7 billion over “illegal conduct” that led to billions of dollars in financial harm to its customers and caused thousands to lose their homes and vehicles, federal authorities said Tuesday. More than $2 billion will go to customer restitution and the bank will pay a $1.7 billion civil penalty, the Consumer Financial Protection Bureau (CFPB) said. Wells Fargo has more than 230 branches and more than 400 ATMs in New Jersey. The CFPB said Wells Fargo illegally assessed fees and interest charges on auto and mortgage loans, had customer cars wrongly repossessed, and misapplie…
