Relevant:
- Wells Fargo Settles Fake-Account Lawsuit for $110 Million
- Wells Fargo Accounts Earlier $142M Settlement in Question as Victims Swell
- Wells Fargo to Pay States $575 Million Over Sales Practices
- Wells Fargo fined $185 million for creating 2 million fake bank accounts; Fires over 5,000 Employees
- Wells Fargo sued over account fraud scandal
2017-07-10 — npr.org
Wells Fargo says compensation will depend on the financial harm customers suffered. Someone who paid an improper $35 dollar fee likely will receive less money than someone whose credit score was damaged and had to accept a home loan with a higher interest rate.
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The bank says it expects the settlement will resolve "substantially all claims" in 10 other pending class action cases. The settlement is still subject to final approval by U.S. District Judge Vince Chhabria.
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