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Wells Fargo Reaches Settlement with U.S. Trustee over Mortgage Payment Change Notices and Escrow Analyses ...

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Wells Fargo & Company (NYSE: WFC) has reached an agreement with the Executive Office of the United States Trustee Program regarding Payment Change Notices (PCNs) for the bankruptcy court and escrow analyses for customers in Chapter 13 bankruptcy between December 2011 and March 2015. “We believe we have made the necessary investments and improvements in our systems and processes to ensure that payment change notices for the bankruptcy court and escrow analyses for customers in...

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