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Home»Finance»US reaches $4 million settlement with Wells Fargo over car repossession
Finance

US reaches $4 million settlement with Wells Fargo over car repossession

DeepBy DeepSeptember 30, 2016No Comments1 Min Read
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A woman passes a Wells Fargo sign.

Charles Mostoller | Reuters
A woman passes a Wells Fargo sign.

Wells Fargo Bank, a unit of Wells Fargo & Co, has agreed to pay more than $4.1 million to resolve allegations it illegally repossessed cars owned by members of the U.S. military, the Justice Department said on Thursday.

The bank, doing business as Wells Fargo Dealer Services, has also agreed to change its policies after the Justice Department alleged it repossessed 413 cars owned by service members without obtaining a court order, the department said in a news release.

source”cnbc”

4 car Fargo million over reaches repossession settlement US Wells with
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