A Wells Fargo suit settlement was approved.
Wells Fargo has settled a class action lawsuit over bounced-check fees and agreed to give plaintiffs in the case benefits including one year’s $18 credit card-fee. An earlier settlement was vetoed two months ago because of a sharp expansion in the types of bank fees that would have been protected from legal challenge. The latest agreement, approved by the court, includes a $1-million consumer education fund. It also involves only fees related to checking accounts and overdrafts, and does not affect counter checks and fees related to savings accounts.
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