Wells Fargo raises sales-practices settlement to $142M

Wells Fargo raises sales-practices settlement to $142M

Wells Fargo & Co. has agreed to expand a recently settled class-action lawsuit by an additional $32 million, as well as extend claims for fraudulent accounts that may have been opened going back to 2002. The bank now will pay $142 million to customers for damages caused by any Wells Fargo accounts that were opened without customer authorization. That’s on top of the $185 million that Wells Fargo was fined by federal and local authorities in September.

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