Selia Raeann

Wells Fargo Bank Settlement News 2024 Update. Wells fargo & co has agreed to pay $1 billion to settle a lawsuit accusing it of defrauding shareholders about its progress in recovering from a series of scandals over its treatment of. A new class action lawsuit alleges that wells fargo failed to properly safeguard and secure its customers’ “highly sensitive” personal information during a data breach.

The bank reached a $3.7 billion deal with the consumer financial protection bureau, including a record $1.7 billion penalty, to resolve allegations that its actions harmed over 16 million. Wells fargo bank, n.a., d/b/a well fargo home mortgage;