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Wells Fargo and National General combined will pay out at least $393.5 million, plus attorneys' fees, in the settlement. That includes: $385 million from Wells Fargo, plus another $1 million for certain customers; and $7.5 million from National General.
Wells Fargo and National General combined will pay out at least $393.5 million, plus attorneys' fees, in the settlement. That includes: $385 million from Wells Fargo, plus another $1 million for certain customers; and $7.5 million from National General.
If you were automatically enrolled in the settlement, and you don't submit a claim, you'll be eligible to receive whatever is left over after other cash benefits are paid out. ... If you don't file a claim and Wells Fargo has no proof that you were actually harmed you won't be getting anything.
(Reuters) — Wells Fargo & Co executives and directors have reached a $240 million settlement with U.S. shareholders over the creation by bank employees of millions of unauthorized customer accounts. The settlement was filed late Thursday with the federal court in San Francisco, and requires a judge's approval.
People with specific questions can call the bank's customer service line at 1-800-869-3557 or visit their local branch.
Wells Fargo will pay $480 million to a group of the bank's shareholders as part of a class action settlement for allegedly lying about the sales practices that led to the bank's massive fake accounts scandal. ... That lawsuit led to a $142 million fake accounts class action settlement for those customers.
Wells Fargo and National General combined will pay out at least $393.5 million, plus attorneys' fees, in the settlement. That includes: $385 million from Wells Fargo, plus another $1 million for certain customers; and $7.5 million from National General.
Wells Fargo agreed Friday to pay $1 billion in penalties after the bank was fined by two federal regulators the Consumer Financial Protection Bureau and the Office of the Comptroller of the Currency. If you have had an auto or home loan at the bank, you could get money back for any wrongfully charged fees.
National General Insurance, which according to the report paid Wells Fargo unearned commissions on the insurance policies, will pay $7.5 million as part of the settlement, bringing the total settlement amount to just under $400 million.
(Reuters) — Wells Fargo & Co executives and directors have reached a $240 million settlement with U.S. shareholders over the creation by bank employees of millions of unauthorized customer accounts. The settlement was filed late Thursday with the federal court in San Francisco, and requires a judge's approval.
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