Wells Fargo paying record fine of $85 million over loan practices

By George Avalos Contra Costa Times Posted: 07/20/2011 08:21:45 PM PDT Updated: 07/20/2011 08:21:50 PM PDT Wells Fargo agreed to pay a record $85 million fine amid allegations that the bank steered customers into more costly loans and falsified information in mortgage applications. San Francisco-based Wells Fargo didn’t admit wrongdoing in its settlement with the …