Wells Fargo & Co. (NYSE: WFC) has agreed to pay out $575 million to customers affected by its improper sales practices.

Those improper practices affected retail sales, auto collateral protection insurance (CPI), Guaranteed Asset/Auto Protection (GAP) and mortgage interest-rate lock matters, Wells Fargo said Dec. 28. The San Francisco-based bank reached the agreement with all 50 state attorneys general and the District of Columbia.

Texas will get about $47 million of the settlement, Attorney General…

Houston Biz Journal
Texas to get slice of Wells Fargo's 5M payout for improper sales practices