Report: Feds look at Wells Fargo again, this time for 401(k) practices


Wells Fargo & Co. reportedly faces another investigation, adding to the list of activities to fall under the scrutiny of federal authorities in the past few years.

This time, the Department of Labor is examining the San Francisco-based bank over its handling of individual retirement accounts, The Wall Street Journal reports.

Regulators recently slapped Wells Fargo with a massive $1 billion fine for what authorities said was its mistreatment of consumers in its auto lending and residential mortgage…

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