HomeBusinessWells Fargo Will Pay $3.7 Billion In Settlement

Wells Fargo Will Pay $3.7 Billion In Settlement

Access Unlocked Monday December19, 2022 San Francisco, California based Wells Fargo will pay $3.7 billion to settle alleged customer abuse violations.  The violations of illegal fees include mortgages, auto loans, and overdraft fees.

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According to the Consumer Financial Protection Bureau (CFPB) the bank will pay $2 billion to consumer redress and $1.7 billion civil penalty.

It has reported the incidents took place from 2011 to 2022, impacting more than 16 million people.

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