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How much will I get from Wells Fargo settlement?

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.

How much will each person get from Wells Fargo settlement?

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.

Will I get money from Wells Fargo lawsuit?

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.

What is the Wells Fargo settlement?

(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.

How do I know if Wells Fargo owes me money?

People with specific questions can call the bank's customer service line at 1-800-869-3557 or visit their local branch.

Are FTC refunds taxable?

The FTC is mailing a second round of checks to people who lost money to The Tax Club and applied for a refund from the FTC. ... If you get a check, please cash or deposit it within 60 days. The FTC never requires people to pay money or provide account information to cash a refund check.

What is FTC refund?

The FTC enforces consumer protection laws to stop illegal business practices and get refunds to people who lost money. ... If you'd like information about how the FTC's refund programs work, take a look at the Office of Claims and Refunds Annual Report.

What does FTC money mean?

The Federal Trade Commission (FTC) is an independent agency of the U.S. government that aims to protect consumers and ensure a strong competitive market by enforcing consumer protection and antitrust laws.

Does file a complaint with the FTC do anything?

Although filing a complaint will not guarantee that their problem will be fixed, it can help the FTC and other agencies investigate and take enforcement actions whenever it is warranted. The FTC compiles complaint data that it receives, along with data from other agencies, into a database called Consumer Sentinel.

Can I sue the FTC?

If the FTC and the company can't agree, the FTC can sue the company. Whether the FTC and the company agree on a settle mentor a court of law orders the company to stop the company must be sure it follows what the settlement or court order says. Sometimes the company must pay money as a penalty.

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