Wells Fargo agreed to pay $23.7 million to settle a lawsuit filed by eight states alleging deceptive advertising and problematic lending practices by Wachovia and World Savings (both acquired by Wells Fargo) when offering an option ARM loan known as a Pick-a-Pay loan. For more info visit https://stopfraudcolorado.gov/about-consumer-protection/press-releases/2010-10-06-000000/attorney-general-announces-237-million.html