Judge: Wells Fargo $142 Million Fake Account Settlement May Not Be Enough

HousingWire, May 26, 2017–Ben Lane
Wells Fargo’s proposed $142 million settlement in the class action lawsuit brought on behalf of the bank’s customers who had a fake account opened in their name is moving closer to being finalized, but the judge overseeing the settlement cautioned the bank that $142 million may not be enough money to compensate all the affected customers.