Original source: https://www.bloomberg.com/news/articles/2019-06-06/wells-fargo-agrees-to-pay-385-million-to-settle-insurance-scam
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Bloomberg (06/06/19) Pettersson, Edvard
An estimated settlement filed on June 6 in federal court in Santa Ana, California, would see Wells Fargo & Co. pay at $385 million to customers who say that they had been signed up for auto insurance with no knowledge or approval when they took a car loan. Under the conditions of the proposed settlement, which has to be accepted by a judge, automobile insurance underwriter National General will pay an additional $7.5 million. The 2017 lawsuit said Wells Fargo’s practices pushed almost 250,000 customers into delinquency and resulted in near 25,000 vehicle repossessions…. Read More
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