Wells Fargo to refund borrowers who improperly paid mortgage fees

Wells Fargo announced plans to refund borrowers who wrongly paid fees for mortgage rate lock extensions requested from Sept. 16, 2013, through Feb. 28, 2017. The plans to refund mortgage borrowers came out Tuesday as the U.S. Senate Committee on Banking, Housing and Urban Affairs grilled Wells Fargo CEO Tim Sloan on Tuesday over the its massive fake account scandal last year. Here are the official details on the plan.