
Wells Fargo agreed to pay $50 million in civil penalties in settlement of allegations it opened accounts without the customers' consent and without informing them, leading to unwanted fees and financial consequences. Federal agencies separately settled these allegations at the same time. For more info visit https://www.lacityattorney.org/single-post/2016/09/08/Los-Angeles-City-Attorney-Mike-Feuer-Achieves-Historic-Result-in-Consumer-Action-Against-Wells-Fargo-Bank-to-Make-Restitution-to-Customers-Pay-50-million-in-Penalties-Unprecedented-Coordination-with-Federal-Regulators-to-Benefit-Consumers-Nationwide