Wells Fargo To Pay $386 Million In Settlement

Credit: Wochit
Published on June 10, 2019 - Duration: 00:37s

Wells Fargo To Pay $386 Million In Settlement

Wells Fargo & Co.

Will pay customers at least $386 million to settle class-action claims that the bank signed them up for auto insurance they did not want or need when they took out car loans.

District Court in Santa Ana, Calif., and requires a judgeโ€™s approval.

National General Insurance Co., an underwriter, will pay an additional $7.5 million, making the total customer payout at least $393.5 million, according to the filings.

In an email, Wells Fargo called the settlement โ€œan important step in making things right for customers.โ€

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