Wells Fargo To Pay States $575M To Resolve Customer Ripoff Claims: NJ, NY, CT Get $34M
Wells Fargo Bank has agreed to pay $575 million – including more than $34 million combined to New Jersey, New York and Connecticut – to settle charges that it engaged in a variety of sales, lending, and other improper business practices for more than a decade.
The bank also has agreed to pay more than $385 million to 850,000 auto finance customers who were wrongly charged premiums, interest, and fees for forced-place collateral protection insurance, even though they already had the coverage.
That includes payments to more than 51,000 customers whose cars were repossessed, according to the m…
Six Holdups In One Month: Passaic Man Admits Serial Bank Robberies
CLIFTON, N.J. -- A Passaic man admitted robbing six banks in one month -- including a Wells Fargo branch in Clifton.
Hours after the FBI posted a reward for his capture, state parole officers last summer arrested Quentin Morales, 25.
Morales, 25, worn "some form of dark hat or head covering, a long-sleeved shirt or jacket, black or orange sunglasses, and/or what appeared to be prescription glasses" during the holdups -- and used a demand note each time, the FBI said at the time.
“You are being robbed. Give me all your large bills. No alarms. No dye packs. You got 10 seconds,” rea…
