Wells Fargo Settlement News 2024. The cfpb ordered wells fargo to pay $2 billion in redress and a $1.7 billion penalty for illegally repossessing vehicles, charging overdraft fees and freezing accounts. Wells fargo’s stock has increased 20% since the election.

Millions of wells fargo customers are in line for relief money after the government found the banking giant violated a host of federal consumer laws between 2011 and 2022. Reached a $3.7 billion deal with regulators to resolve allegations that it harmed more than 16 million people with deposit accounts, auto loans and mortgages.