Wells Fargo agrees to pay $1 billion fine — but compensation for victims isn’t assured

Wells Fargo agreed on Friday to pay a $1 billion fine to government regulators to settle the banking behemoth’s misdeeds over improper practices in its auto insurance and mortgage businesses, the latest scandal to engulf the banking behemoth — but it’s not assured that victims of the abuses will ever receive any cash as a result of the agreement.  READ MORE