Wells Fargo agrees to $110M settlement over fake accounts

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Wells Fargo & Co. (NYSE: WFC) said March 28 that it reached an agreement in principle to settle for $110 million a class action suit over the bank’s practice of opening unauthorized accounts. The settlement of the lawsuit, filed in federal court in San Francisco in May 2015, covers customers who said Wells opened an account in their name without authorization, enrolled them in products or services without their consent or submitted an application for a product or service in their name without…


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