If you had a Wells Fargo account anytime between 2011 and 2022, you may be owed some money.
The financial services company reached a $3.7 billion settlement late last year with the Consumer Financial Protection Bureau after the agency took action against them, saying they broke federal consumer protection laws in regards to auto loans, mortgages and bank accounts.
CFPB says their illegal practices included misapplied payments, wrongful foreclosures and incorrect fees and interest charges.
As part of their settlement, CFPB has ordered Wells Fargo to pay more than $2 billion to customers who were harmed, plus $1.7 billion to the victims’ relief fund.
“More than 16 million accounts at Wells Fargo were subject to their illegal practices, including misapplied payments, wrongful foreclosures, and incorrect fees and interest charges,” the CFPB reports.
https://www.ktnv.com/wells-fargo-might-owe-you-money-following-3-7-billion-settlement
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