Actionable news
All posts from Actionable news
Actionable news in WFC: WELLS FARGO & CO.,

U.S.: Wells Fargo illegally repossessed 413 servicemembers' cars

Wells Fargo CEO pummeled by House committee

Wells Fargo will pay $24 million to settle allegations that it mistreated members of the military -- including illegally repossessing their cars.

The bank, already reeling from a scandal over fake accounts, will pay $4.1 million to settle Justice Department charges that it seized 413 cars owned by servicemembers without a court order, a violation of federal law.

The Justice Department said the illegal repossessions took place...