Wells Fargo $142 Million Settlement Amount 2024

Wells Fargo $142 Million Settlement Amount 2024. In july 2017, wells fargo agreed to pay $142 million to its customers in a settlement over the 3.5 million potentially fake accounts the bank admitted to opening without. District judge vince chhabria granted preliminary approval to the settlement friday after wells fargo agreed to kick in extra cash beyond $142 million if the deal fails to.

Wells fargo must guarantee full compensation and credit history repairs for an estimated 2.73 million victims of its sham accounts scandal before a judge will approve a proposed $142 million settlement. A federal judge on tuesday gave his final blessing to a $480 million deal to resolve claims that wells fargo misled investors about a costly sham accounts scandal that tarnished the bank’s.