Wells Fargo (WFC), U.S. DOJ Enter Settlement Over Repossessing Servicemembers' Cars
- Apple (AAPL) Tops Q4 EPS by 2c; Issues Solid Outlook
- Wall St. slips on earnings; Apple results due
- Chipotle Mexican Grill (CMG) Posts Q3 EPS of $0.27; Comps Miss Views; Additional Stock Buyback Approved
- Pandora (P) Misses Q3 EPS by 1c, Q4 Revenue Guidance Falls Short
- Panera Bread (PNRA) Tops Q3 EPS by 3c; Raises Outlook
Get inside Wall Street with StreetInsider Premium. Claim your 2-week free trial here.
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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Wells Fargo (WFC) Declares $0.38 Quarterly Dividend; 3.3% Yield
- Finjan Holdings (FNJN) Receives European Patent Related to Adaptive Rule-Based Content Scanners
- Philip Morris (PM) Discloses Formal Probe Related to PM Thailand in 10-Q Filing
Create E-mail Alert Related CategoriesInsiders' Blog, Litigation
Related EntitiesWells Fargo
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!