Wells Fargo (WFC), U.S. DOJ Enter Settlement Over Repossessing Servicemembers' Cars
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Price: $60.60 -0.56%
Overall Analyst Rating:
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Up)
Dividend Yield: 2.9%
Revenue Growth %: +0.6%
Overall Analyst Rating:
NEUTRAL (
Up)Dividend Yield: 2.9%
Revenue Growth %: +0.6%
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Wells Fargo (NYSE: WFC) Dealer Services and the U.S. Dept. of Justice have reached a settlement today over allegations of illegally repossessing servicemembers ' cars.
According to Bloomberg, Wells Fargo will pay a $60,000 civil penalty to the U.S. and will also pay $10,000 to each affected servicemembers.
The DOJ says 413 cars owned by servicemembers were affected.
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