1. Wells Fargo Agrees to Pay $110 Million to Settle Customer Accounts Lawsuit

    Wells Fargo Agrees to Pay $110 Million to Settle Customer Accounts Lawsuit

    NEW YORK (AP) — Wells Fargo has agreed to pay $110 million to settle a class-action lawsuit over up to 2 million accounts its employees opened for customers without getting their permission, the bank announced Tuesday.

    It's the first private settlement that Wells has reached since the company paid $185 million to federal and California authorities late last year...

    Read Full Article

    Login to comment.

  1. Categories

    1. BoardProspects Features:

      BoardBlogs, BoardKnowledge, BoardMoves, BoardNews, BoardProspects Announcements, BoardProspects CEO, CEO Blog, In the News, Partner Publications, Question of The Week, Sponsored Content
  2. Quotes

    1. We believe this is an outstanding result obtained for the benefit of a proposed nationwide class, notwithstanding Wells Fargo's effort to block the class action with an arbitration clause.
    2. This agreement is another step in our journey to make things right with customers.
  3. Topics Mentioned