Wells Fargo and Major Banks Face Federal Scrutiny Over Alleged Debt Collection Harassment

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 Consumer complaints about relentless robocalls prompt regulators to review how banks pursue debt collection. 

Wells Fargo cannot seem to stay out of trouble. The bank that created headlines over fake accounts and unauthorized insurance policies is again under fire, alongside several major financial institutions. Federal regulators and consumer advocates are increasing scrutiny of what many consider one of the industry’s most intrusive practices: harassing consumers with persistent robocalls about debts…

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