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Wells Fargo: Foreclosure Practices “Sound and Accurate”

HeadlineOct 21, 2010

In related news, the banking giant Wells Fargo has again dismissed calls to review its foreclosure practices. On Wednesday, Wells Fargo issued a statement calling its procedures “sound and accurate.” Wells Fargo has faced scrutiny after a company vice president said she had signed as many as 500 foreclosure documents in a two-hour span without reviewing them nor even understanding what she was signing. Wells Fargo issued the statement as it reported a third-quarter profit of $3.3 billion, the best quarter in its history.

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