Wells Fargo under pressure from CFPB to pay over $1 billion in fine- Bloomberg News

(Reuters) - Wells Fargo is under pressure from the U.S. Consumer Financial Protection Bureau to pay more than $1 billion to settle a slew of investigations into ill-treatment of its customers, Bloomberg News reported on Friday, citing people familiar with the matter.

The bank declined to comment on the report.

(Reporting by Mehnaz Yasmin in Bengaluru; Editing by Shinjini Ganguli)