Wells Fargo has reportedly paid back $5.4 Million to military personal whose vehicles it repossessed illegally.
mobile.Reuters.com reported: Wells Fargo & Co (WFC.N) has repaid another $5.4 million to about 450 military service members whose vehicles it repossessed illegally, the U.S. Department of Justice said on Tuesday.
The third-largest U.S. bank has now repaid about $10.2 million to roughly 860 service members and their co-borrowers for improper repossessions, under a settlement announced in September 2016.
Other violations covered by that settlement were discovered more recently, leading to the latest payout, the Justice Department said.
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