1. Wells Fargo : Judge Gives Initial OK to Wells Fargo Settlement

    Wells Fargo : Judge Gives Initial OK to Wells Fargo Settlement

    The settlement agreement includes a process to compensate customers for increased borrowing costs due to credit-score impact associated with a potentially unauthorized account. The process will be led by an independent expert hired by class counsel. Compensation will be paid if a customer's credit score dropped because of a potentially unauthorized account and the customer opened an authorized credit product with any lender within time periods specified in the agreement...

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    1. This preliminary approval is a major milestone in our efforts to make things right for our customers.
    2. It is a wise decision to move forward and put (the scandal) behind the company.
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