Wells Fargo to pay tens of millions to customers after charging for hidden services, report says

ByABC7.com staff KABC logo
Friday, July 20, 2018
Report: Wells Fargo to pay customers after charging for hidden services
Wells Fargo is getting ready to shell out tens of millions of dollars to customers.

Wells Fargo is getting ready to shell out tens of millions of dollars to customers.

According to the Wall Street Journal, the bank has been charging monthly fees to hundreds of thousands of customers for dozens of products they didn't fully understand or know how to use.

Pet insurance, legal services and other add-on services were just some of the add-on's.

RELATED: Some Wells Fargo customers' bank accounts drained by double charges

The Consumer Financial Protection Bureau is now investigating.

In a statement sent to the Associated Press, Wells Fargo said it is reviewing the add-on products and is working with regulators.

The Associated Press contributed to this report.