Nebraska will receive $5.2M in Wells Fargo settlement

Wells Fargo to pay states $575M for phony accounts, deception scandals

Nevada stands to receive over $13.3 million from Wells Fargo & Co. under a $575 million multistate settlement to resolve claims that the bank violated state consumer protection laws.

The agreements came two years after Wells Fargo admitted its employees opened 2 million potentially unauthorized checking and credit card accounts between 2011 and 2015.

"Wells Fargo's egregious behavior towards Arizona consumers was particularly offensive".

Under the agreement announced Friday, the bank will also create teams to review and respond to customer complaints about its banking and sales practices. The bank has also identified 528,000 online bill pay enrollments nationwide that may have resulted from improper sales practices at the bank. "Instead of safeguarding its customers, Wells Fargo exploited them, signing them up for products - from bank accounts to insurance - that they never wanted".

Order Signed for U.S. Military's Controversial Syria Exit
This week, NPR tried to gain access to a few of the US bases but was told the American troops there are not authorized to comment. In fact, Kurdish fighters immediately discussed releasing almost 3,200 ISIS prisoners after the announcement of the withdrawal.


The states allege that Wells Fargo's senior management exerted significant pressure on middle management and line employees to generate sales, through the establishment of unrealistic sales goals and an incentive compensation program. "Fortunately, both federal and state authorities have interceded to remedy Wells Fargo's misconduct". "This bank opened millions of accounts for customers who didn't know about them, charged auto-finance customers for insurance policies they didn't want or need, and charged mortgage customers over $100 million in unwarranted fees". The remediation will include payments to over 51,000 customers whose cars were repossessed.

More information on the redress review program, including Wells ‪Fargo‬ escalation phone numbers and the website address will be available on or ‪before February 26, 2019‬.

In April, the bank agreed to pay $1 billion to the Consumer Financial Protection Bureau and the Office of the Comptroller of the Currency to settle investigations into its mortgage- and auto-lending practices.

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