Wells Fargo agrees to $385M settlement for auto insurance scheme – Charlotte Business Journal

Wells Fargo agrees to $385M settlement for auto insurance scheme The lawsuit alleged that Wells Fargo purchased collateral protection insurance and then placed that insurance on borrowers’ accounts.

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 · Wells Fargo has agreed to pay at least $385 million to settle a California lawsuit alleging it signed up thousands of auto loan customers for costly car insurance without their consent, resulting.

Wells Fargo & Co. has agreed to pay at least $385 million to settle a lawsuit after saddling millions of customers with auto insurance that they neither needed nor wanted.

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Wells Fargo’s deposits and loans shrink despite strong economy. CNN – By Matt Egan, CNN Business. New York (CNN Business) – Wells Fargo, reeling from a series of scandals, is failing to cash in on the booming american economy.

New York (CNN Business) – Wells Fargo, reeling from a series of scandals, is failing to cash in on the booming American economy. America’s third-largest bank revealed on Friday that its deposits shrank by $40 billion, or 3%, over the past year because consumers and businesses held lower.

Wells Fargo has yet again found itself in hot water. In what is just the latest incident in a string of bad publicity, the bank has agreed to change its policies and pay more than $4 million in a.

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Wells Fargo & Company is an American multinational financial services company headquartered in San Francisco, California, with central offices throughout the United States. It is the world’s fourth-largest bank by market capitalization and the fourth largest bank in the US by total assets. Wells Fargo is ranked #26 on the 2018 Fortune 500 rankings of the largest US corporations by total revenue.

Wells Fargo agrees to $385M settlement for auto insurance scheme – Charlotte Business Journal Iran’s semi-official ILNA news agency says hackers took down the. The Social Security Organization is a non-governmental body that provides insurance coverage for wage-earners, salaried..