Do You Bank With Wells Fargo? You Could Be Entitled To Money From A Settlement
NEW YORK, NEW YORK - DECEMBER 20: A Wells Fargo bank signage is seen on Broadway on December 20, 2022 in New York City. Wells Fargo has agreed to pay $3.7 billion to settle charges that the bank harmed its customers by charging illegal fees and interest on auto loans and mortgages and incorrectly applied overdraft fees against savings and checking accounts. The Consumer Financial Protection Bureau ordered the bank to repay $2 billion to consumers and also enacted a $1.7 billion penalty.
Wells Fargo bank officials have agreed to a $3.7 billion settlement over mishandled accounts and loans. And a chunk of that money could be earmarked for you. That’s according to the Consumer Financial Protection Bureau, which says the banking giant has been found guilty of “illegal practices, including misapplied payments, wrongful foreclosures, and incorrect fees and interest charges.” More than 16 million accounts were affected, the bureau reports. Wells Fargo customers who had an account or loan with the bank between 2011 and 2022 may be eligible for a payout, per the CFPB. To find out if you’re eligible for a payment from the Wells Fargo settlement, call Wells Fargo at 844-484-5089, the bureau says.
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Melanie Day is a graduate of North Carolina State University. She has worked for Beasley since 2012 in a variety of behind-the-scenes roles in both digital and promotions. Melanie writes about a diverse range of topics some of her favorites include travel, restaurants, Taylor Swift, and college athletics. When not at work you'll find her at a country concert or NC State sporting event.
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