Wells Fargo bank location in Baltimore,. August 20, 2020. Photo: Diego M. Radzinschi/ALM Judge OKs $23M Fee Award in Wells Fargo Class Action That Changed Insurance Gap Coverage
The lawsuit achieved one of its stated key goals: To change how the banking giant handles reimbursements for its Guaranteed Asset/Auto Protection program. One expert valued the change at $417 million.
November 16, 2021 at 02:24 PM
4 minute read
Financial Services and Banking
A federal judge on Monday approved $23.1 million in attorney fees in a class action over Wells Fargo's auto insurance gap coverage program, a final step in a settlement that's changing how the banking giant operates.
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