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Wells Fargo to pay $300 million to settle car insurance suit

The lawsuit claims Wells improperly charged customers for unneeded auto-collision protection insurance

Bloomberg News

Wells Fargo & Co. will pay $300 million to settle a lawsuit claiming it improperly charged customers for unneeded auto-collision protection insurance – and hid the practice from investors. The deal was announced Tuesday by the law firm that sued the bank after a New York Times investigation revealed that about 274,000 customers were put […]

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