Wells Fargo Seeks to Limit Customers in Insurance Compensation Suit -Reuters
22 November 2018 - 4:56AM
Dow Jones News
--Wells Fargo & Co. (WFC) is trying to limit the number of
customers who will be compensated for purchasing car insurance they
didn't need, Reuters reported Wednesday.
--The company has told a federal judge overseeing the case in
California that it intends to deal with drivers who got the
unnecessary insurance only from 2005, although the program ran from
2002 to 2016, the report said.
--In an earlier settlement with the Consumer Finance Protection
Board, the bank was allowed to limit payouts to the 2005-2016
period, the report said.
Full story:
https://www.reuters.com/article/us-wells-fargo-autos/wells-fargo-fights-to-leave-customers-out-of-auto-payout-plan-idUSKCN1NQ197
--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
November 21, 2018 12:41 ET (17:41 GMT)
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