wells 03Wells Fargo ups sales practices settlement to $142M


This is a detroitnews.com article.


New York — Wells Fargo agreed Friday to expand a recently settled class-action lawsuit by an additional $32 million as well as extend claims for fraudulent accounts that may have been opened going back to 2002.

The bank said it will now pay $142 million to customers for damages caused by any accounts opened without their customers’ permission. That’s on top of the $185 million that Wells Fargo was fined by federal and local authorities back in September.

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