Wells Fargo Overtime Deal Okay’d, Bank to Pay Millions

Tx judge skeptical of overtime pay rule

A federal judge gave preliminary approval Tuesday to a settlement that would have Wells Fargo & Co. pay a combined $35 million to current and former employees who weren’t paid overtime when working outside normal banking hours. A final approval hearing has been set for Jan. 13 in the federal court for New Jersey. Wells… Continue reading Wells Fargo Overtime Deal Okay’d, Bank to Pay Millions

Wells Fargo to Pay Customers $386 Million Over Unwanted Auto Insurance

Wells Fargo shareholder suit

Wells Fargo & Co will pay at least $386 million to settle class-action claims by customers who said the bank signed them up for auto insurance they did not want or need when they took out car loans. The settlement was disclosed in filings on Thursday with the U.S. District Court in Santa Ana, California,… Continue reading Wells Fargo to Pay Customers $386 Million Over Unwanted Auto Insurance