Wells Fargo Bank N.A. will pay $30 million to settle class claims by homeowners who allege the bank improperly charged them interest under a deal that won final approval Jan. 25.
Wells Fargo is paying up $1 billion in penalties to regulators, related to allegations around the bank's mortgage and auto loan practices. Affected consumers can also expect to get a refund.
The Department of Justice announced today that the United States has settled civil mortgage fraud claims against Wells Fargo Bank, N.A. (Wells Fargo) and Wells Fargo executive Kurt Lofrano, stemming from Wells Fargo’s participation in the Federal
Final Civil Action: Quicken Loans, Inc., Settled Allegations of Failing To Comply With HUD’s Federal Housing Administration Loan Requirements | Office of Inspector General, Department of Housing and Urban Development