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Wells Fargo reaches a $3.7 billion settlement with CFPB for mismanagement of mortgages, car loans, and bank accounts. CFPB director, Rohit Chopra, criticizes Wells Fargo's repeated law violations harming millions of families, calling the settlement an important step towards accountability. Analysts suggest potential future fines for Wells Fargo despite no immediate impact on asset cap or removal. Wall Street sees the settlement as positive progress towards long-term reform.