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Wells Fargo Says Mortgage Probe May Trigger Enforcement

Wells Fargo Warns It May Be Fined By Regulators
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Wells Fargo & Co.'s lending and foreclosure practices probably will draw an enforcement action that may include a fine, the bank said today in a regulatory filing.

"It is likely that one or more of the government agencies will initiate some type of enforcement action against Wells Fargo, which may include civil money penalties," the San Francisco-based lender said in its annual report. "Wells Fargo continues to provide information requested by the various agencies."

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