The Ring of Fire
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Wells Fargo To Pay Out Millions For Scamming Consumers On Car Loans
Posted
July 15, 2019
Views
24,764
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805
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July 15, 2019
24,764
805
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6:49Now PlayingCustomers accusing Wells Fargo and National General Insurance of tacking on unnecessary auto insurance to boost car loan bills are requesting approval of a $393.5 million settlement. Negotiations with the companies began in May 2018, and last Thursday the plaintiffs submitted their motion for preliminary approval of the class action settlement. Wells Fargo already paid $1 billion to the Consumer Financial Protection Bureau and the Office of the Comptroller of the Currency in April 2018. Ring of Fire’s Farron Cousins discusses this with Scott Hardy from Top Class Actions.
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