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Wells Fargo Expands Settlement Class For Retail Sales Practices - Quick Facts

Wells Fargo & Company (WFC) announced the expansion of its class-action settlement for retail sales practices to include any customers who were impacted by sales practice issues as early as May 2002. The settlement class now will consist of all customers who claim that Wells Fargo opened an account in their name without consent, enrolled them in a product or service without consent, or submitted an application for a product or service in their name without consent during the period from May 1, 2002, through April 20, 2017.

The company noted that the updated settlement will add $32 million to the previous agreement for a total settlement amount of $142 million.

by RTT Staff Writer

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