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U.S.: Wells Fargo illegally repossessed 413 service members' 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 service members without a court order, a violation of federal law.

The Justice Department said the illegal repossessions took place from 2008 to 2015. The first complaint came from an Army National Guardsman...


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