Wells Fargo agrees to $385M settlement for auto insurance scheme – Charlotte Business Journal

Wells Fargo agrees to $385M settlement for auto insurance scheme The lawsuit alleged that Wells Fargo purchased collateral protection insurance and then placed that insurance on borrowers’ accounts.

Wells Fargo agrees to $385M settlement for auto insurance scheme Wells Fargo & Co. (NYSE: WFC) has agreed to pay at least $385 million to settle a lawsuit after saddling millions of customers with auto insurance that they neither needed nor wanted.

CHARLOTTE, N.C. – Wells Fargo & Co. has agreed to pay at least $385 million to settle a lawsuit after saddling millions of customers with auto insurance that they neither needed nor wanted.

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Wells Fargo & Co. has agreed to pay at least $385 million to settle a lawsuit after saddling millions of customers with auto insurance that they neither needed nor wanted.

Wells Fargo To Repay Homeowners Stuck With Forced-Place Insurance. As with almost all major settlements, Wells Fargo appears to be admitting no wrongdoing, saying agreed to the settlement in order to avoid a protracted legal battle. A $110 million settlement involving Citi’s forced-place insurance practices is awaiting court approval, while cases against Bank of America and HSBC are still pending.

Iran's semi-official ILNA news agency says hackers took down the. The Social Security Organization is a non-governmental body that provides insurance coverage for wage-earners, salaried.. Business confidence unsettled by trade disputes. Wells Fargo agrees to pay $385M to settle car loan lawsuit.

Wells Fargo reveals more details on new office led by Charlotte exec. July 01, 2019. category Derek Flowers. Wells Fargo agrees to $385M settlement for auto insurance scheme. June 10, 2019.. Wells Fargo restructures commercial banking business. june 04, 2019. category Banking & Financial.

Wells Fargo & Company and National General Insurance Company are two of the defendants in another proposed class action filed against them claiming the companies charged approximately 800,000 auto loan borrowers for auto insurance they did not need.