Wells Fargo $142 Million Settlement Status 2024 Today. “the cfpb is ordering wells fargo to refund billions of dollars to consumers across the country. A california federal judge granted final approval for a $142 million class action settlement over claims that wells fargo opened fake bank accounts, despite many arguments.
District judge vince chhabria granted preliminary approval to the settlement friday after wells fargo agreed to kick in extra cash beyond $142 million if the deal fails to fully. Wells fargo has agreed to a $3.7 billion deal with regulators to settle charges that it took advantage of customers on their auto loans, mortgages and bank accounts.