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Wells Fargo Pays $60 Million More in U.S. Loan-Bias Case

Wells Fargo & Co. will offer almost $60 million in cash rebates to more than 3,900 minority borrowers who were put into nonprime loans when they were eligible for prime ones under a bias settlement with the U.S.

The Justice Department, in a filing today in federal court in Washington, said the money was in addition to the $125 million payment and $50 million assistance fund that Wells Fargo agreed to in a settlement approved in September by a federal judge.