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Wells Fargo. Total settlement: $3.7 billion. Deadline to file: Undisclosed. Requirements: Must have been a Wells Fargo client with an active banking account, mortgage or auto loan between 2011 and ...
More than 16 million people are owed some serious cash from Wells Fargo. If you happened to be a customer of the banking institution during the period of 2011 to 2022, this could apply to you,...
On Wednesday, Wells Fargo reached an agreement with the Federal Reserve and agreed to pay a $85 million fine to settle civil charges-- the largest fine the Fed has ever imposed in a consumer case ...
This settlement amount makes the NMS the second largest civil settlement in U.S. history, only trailing the Tobacco Master Settlement Agreement. [39] The five banks were also required to comply with 305 new mortgage servicing standards. Oklahoma under then-Attorney General Scott Pruitt held out and agreed to settle with the banks separately. [40]
Wells Fargo & Co will pay $81.6 million to homeowners for denying them a chance to challenge mortgage payment increases imposed during their bankruptcy proceedings, the U.S. Justice Department ...
The settlement, known as the National Mortgage Settlement (NMS), required the servicers to provide about $26 billion in relief to distressed homeowners and in direct payments to the federal and state governments; Wells Fargo's share was the second largest, at $5.4 billion. [118]
More Than 45,000 Wells Fargo Customers Helped through National Mortgage Settlement Programs An estimated 52 percent of the company's $4.3 billion consumer relief and refinance commitment has been ...
Homeowners struggling to repay adjustable-rate mortgages from Wachovia and World Savings Bank, subsidiaries of Wells Fargo (WFC), got some good news Wednesday. The company has agreed to pay $24 ...