• Safi Bello

Wells Fargo expands class-action settlement for retail sales practices to $142 million, adds account

Wells Fargo press release -------- Wells Fargo & Company (NYSE: WFC) today announced the expansion of its class-action settlement for retail sales practices (announced on March 28) to include any customers who were impacted by sales practice issues as early as May 2002. The updated settlement will add $32 million to the previous agreement for a total settlement amount of $142 million. “The expansion of this agreement is another important step to make things right for our customers,” said Tim Sloan, Wells Fargo’s President and Chief Executive Officer. “On our journey to rebuild trust, we want to ensure our customers feel confident that we have heard their concerns about retail sales practices, which includes offering them numerous opportunities for remediation. We encourage any customer with concerns or questions about their accounts to contact us.” To get more in depth information click on the picture below to read the release.

Wells Fargo expands class-action settlement for retail sales practices to $142 million, adds accounts as early as May 2002 - Read More from Wells Fargo

1 view
Featured Posts
Recent Posts
Follow Us
  • Instagram
  • Pinterest
  • Tumblr Social Icon