Connecticut to get $5.2 million in Wells Fargo settlement

Wells Fargo will pay $575 million under a 50-state settlement led by Connecticut and three other states relating to fraudulent mortgage and insurance fees, as well as the scandal in which millions of accounts were created without consumers’ consent, Attorney General George Jepsen announced Friday. The settlement is the latest in a series of steps by Wells Fargo, the nation’s third-largest bank, to resolve allegations of unfair trade practices first disclosed two years ago by federal regulators. It agreed to pay $1 billion in April to federal regulators and $65 million in October to New York. Connecticut’s general fund will receive $5.2 million under the deal announced Friday.

from Business https://www.ctpost.com/business/article/Connecticut-to-get-5-2-million-in-Wells-Fargo-13496217.php