Wells Fargo Bank Reported Closed Settlements 2024 Presidential. The class action lawsuit claims wells fargo provided mortgage forbearances to consumers who didn’t want them during the covid pandemic. Consumer financial protection bureau hit wells fargo & co with the watchdog's largest ever civil penalty on tuesday as part of a $3.7 billion agreement to settle.

Wells fargo agreed to pay a $1.7 billion fine and another $2 billion in damages to settle claims that it engaged in an array of banking violations over the last decade. If you hold one of three types of accounts with wells fargo, you may be entitled to a payment as part of a $3.7 billion settlement the bank made after a consumer protection.