Wells Fargo to pay $142M in class-action settlement of fake accounts
Allen Cone United Press International SAN FRANCISCO (UPI) -- A federal judge has approved a plan for Wells Fargo & Co. to pay $142 million in a class action suit involving customers of fake accounts. U.S. District Vince Chhabria ruled on Saturday in San Francisco the settlement was "fair, reasonable and adequate." Last year, Wells Fargo admitted that 2 million potentially unauthorized checking and credit card accounts were opened between 2011 and 2015. In September, federal Consumer Financial Protection Bureau fined the banking giant $185 […]
