If you hold one of three types of accounts with Wells Fargo, you may be entitled to a payment as part of a $3.7 billion settlement the bank made after a consumer protection watchdog found that Wells Fargo had broken federal consumer protection laws and used 'illegal' practices when managing bank accounts, home loans and more.
If you hold one of three types of accounts with Wells Fargo, you may be entitled to a payment as part of a $3.7 billion settlement the bank made after a consumer protection watchdog found that Wells Fargo had broken federal consumer protection laws and used"illegal" practices when managing bank accounts, home loans and more.
The total settlement amount, the post states, is $3.7 billion -- including a $1.7 billion fine that specifically goes into aOne in three American households is a Wells Fargo customer and is affected by its business practices and"corporate culture," the CFPB says. More specifically, Wells Fargo customers who had either an auto loan, mortgage loan or bank account between 2011 and 2022 were affected and may be eligible for a payout.
Wells Fargo didn't properly refund money if a loan was terminated early from borrowers who prepaid for GAP coverageSome borrowers were unfairly turned down when requesting loan modifications in hopes of avoiding foreclosuresWells Fargo wrongly reported some customers deceased, brought"thousands of wrongful foreclosure actions," overstated attorney fees leading to incorrectly denied applicationsCustomers in some cases were charged surprise overdraft fees on debit purchases and ATM...
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