Lawyers: Wells Fargo bogus accounts balloon to 3.5M

Lawyers: Wells Fargo bogus accounts balloon to 3.5M

Wells Fargo & Co. may have opened as many as 3.5 million unauthorized customer accounts, far more than previously estimated, according to lawyers seeking approval of a $142 million settlement over the practice. The new estimate, provided in a filing late last week inĀ federal court in San Francisco, is 1.4 million accounts higher than previously reported by federal regulators, in what has become a national scandal.

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