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.
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.