5 Articles
Breaking
Wells Fargo customers to get $386 million over unwanted auto insurance

275,000 loans became delinquent, 25,000 cars were illegally repossessed

275,000 loans became delinquent, 25,000 cars were illegally repossessed.

Followup
Wells Fargo fights to exclude auto customers from plan to repay them

It forced hundreds of thousands into auto insurance they didn't need

It forced hundreds of thousands into auto insurance they didn't need.

Official
Wells Fargo officially agrees to $1B penalty: What's in the settlement

500,000 customers were forced to buy car insurance they didn't need

Wells Fargo & Co will pay $1 billion to settle with U.S. regulators who say the bank wrongly layered insurance on hundreds of thousands of drivers and routinely hit homebuyers with excessive fees, officials said on Friday.

Wells Fargo reportedly will pay $1 billion fine for loan abuses

It's facing sanctions from two different federal regulators

Wells Fargo & Co is close to settling a record fine of $1 billion imposed by two U.S. regulators for its risk management business, a source familiar with the matter told Reuters on Thursday.

Report
Wells Fargo under investigation for repossessing vehicles from military members

Both the Department of Justice and bank regulators are involved in the investigation.

Wells Fargo allegedly violated the Servicemembers Civil Relief Act, a federal law that protects active duty servicemen from things like repossessions.