Wells Fargo to pay at least $385 million to settle scam allegations

Wells Fargo to pay at least $385 million to settle scam allegations

Wells Fargo agreed to pay at least $385 million to settle a class-action lawsuit that it allegedly scammed millions of auto-loan customers into buying insurance they didn’t need. The settlement covers customers who were bilked out of tens of millions of dollars for about 11 years. National General Insurance, allegedly in cahoots with the bank, placed the unnecessary insurance on the customers.

Simone
Simone
Gunter-c137
Gunter-c137 8 months

I honestly have no idea how a bank could be worse than Goldman or Chase but Wells has shown us anything is possible.

Miles O'Brien
Miles O'Brien 8 months

I got screwed by Wells Forego in the 90's. Never walked in one since.

Ste Stones
Ste Stones 8 months

ALL banks are fraudulent. They are given the power to make money out of nothing and then charge you interest on it. Henry Ford said: If people knew how the banking system worked there would be a revolution tomorrow.

Kevin Pearson
Kevin Pearson 8 months

Why does the innocent bank get fined when these criminals get away Scot free

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