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

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 NewsbyBloomberg News
February 8, 2023
in Compliance
Reading Time: 1 min read
0
Wells Fargo to pay $300 million to settle car insurance suit

© 2023 Bloomberg L.P.

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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Tags: auto insurancePremiumWells Fargo
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