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The proposed settlement was disclosed in filings on Thursday with the U.S. District Court in Santa Ana, California, and requires a judge's approval. National General Insurance Co, an underwriter, will pay an additional $7.5 million, making the total customer payout at least $393.5 million, according to the filings.
The Wells Fargo settlement is still being distributed to eligible customers, but the deadline for customers to get a piece of the settlement passed as of July 2018. So the short answer is no, you cannot still get a piece of the Wells Fargo settlement.
The proposed settlement was disclosed in filings on Thursday with the U.S. District Court in Santa Ana, California, and requires a judge's approval. National General Insurance Co, an underwriter, will pay an additional $7.5 million, making the total customer payout at least $393.5 million, according to the filings.
The Wells Fargo settlement is still being distributed to eligible customers, but the deadline for customers to get a piece of the settlement passed as of July 2018. So the short answer is no, you cannot still get a piece of the Wells Fargo settlement.
Wells Fargo, the nation's fourth-largest bank, agreed Friday to pay a $3 billion fine to settle a civil lawsuit and resolve a criminal prosecution filed by the Justice Department over its fake account scandal. None of the money to be paid to the government under this settlement will go to compensate customers.
Wells Fargo and an insurance company it worked with have agreed to pay $432 million to settle a class-action lawsuit brought by customers who say they were charged premiums for auto insurance they did not need. The settlement was given final approval by a U.S. District Court judge in California this week.
March 2017: More fake accounts Wells Fargo said this number was unverified and hypothetical, but eventually said there may be up to 3.5 million accounts.
It started in September 2016, when Wells Fargo shocked the nation and announced it had fired 5,300 workers over several years for creating millions of fake accounts.
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