Wells Fargo $142 Million Settlement Update 2025 Update. The bank received preliminary approval last july to settle the suit for $142 million. In july 2017, wells fargo agreed to pay $142 million to its customers in a settlement over the 3.5 million potentially fake accounts the bank admitted to opening without.
Wells fargo has expanded a class action settlement that would resolve allegations that the bank opened millions of fake accounts, bringing the total up to $142 million. District judge vince chhabria granted preliminary approval to the settlement friday after wells fargo agreed to kick in extra cash beyond $142 million if the deal fails to.