Wells Fargo Settlement Payout Per Person 2024 Settlement Amount

Wells Fargo Settlement Payout Per Person 2024 Settlement Amount. 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. The bank agreed to a settlement with the consumer financial protection bureau, which includes $2 billion for affected consumers across a variety of accounts.

Millions of wells fargo customers are in line for relief money after the government found the banking giant violated a host of federal consumer laws between 2011 and 2022. Wells fargo agreed to pay a $1.7 billion fine and another $2 billion in damages to settle claims that it engaged in an array of banking violations over the last decade.