If you've got a Wells Fargo home or auto loan, you may have a bit of a payday coming your way:

The Consumer Financial Protection Bureau (CFPB) is ordering Wells Fargo Bank to pay more than $2 billion in redress to consumers and a $1.7 billion civil penalty for legal violations across several of its largest product lines. The bank's illegal conduct led to billions of dollars in financial harm to its customers and, for thousands of customers, the loss of their vehicles and homes. Consumers were illegally assessed fees and interest charges on auto and mortgage loans, had their cars wrongly repossessed, and had payments to auto and mortgage loans misapplied by the bank.

"Auto and mortgage loans" aren't necessarily things the average consumer encounters every day, of course. But checking and savings accounts very much are, and it looks like Wells Fargo screwed up there, too:

Wells Fargo also charged consumers unlawful surprise overdraft fees and applied other incorrect charges to checking and savings accounts. Under the terms of the order, Wells Fargo will pay redress to the over 16 million affected consumer accounts, and pay a $1.7 billion fine, which will go to the CFPB's Civil Penalty Fund, where it will be used to provide relief to victims of consumer financial law violations.

You know me: I'm Commodore Vanderbilt. I'm a cigar-chomping, beef-eating capitalist tycoon. So it's not every day that I agree with Democratic Senator and noted U.S. Native American Elizabeth Warren. But today is one of those days:

(I guess I'm not sure if I agree with the second part. But definitely the first part.)