SEVERE WX : Heat Advisory View Alerts
STREAMING NOW: Watch Now

IA and MN to get millions in Wells Fargo settlement

Bank agrees to pay all 50 states over consumer protection violations.

Posted: Dec 28, 2018 11:30 AM
Updated: Dec 28, 2018 11:32 AM

DES MOINES, Iowa – Wells Fargo has agreed to a $575 million dollars settlement over claims the bank violated state consumer protection laws.

The settlement covers all 50 states and will result in Iowa getting $6.1 million and Minnesota receiving $9.3 million.

“This agreement is unique and one of the largest multistate settlements with a bank since the National Mortgage Settlement in 2012,” says Iowa Attorney General Tom Miller. “This significant dollar amount, on top of actions by federal regulators, holds Wells Fargo accountable for its practices.”

Wells Fargo was accused of creating unauthorized accounts and enrolling customers into banking services without their consent, affecting millions of people.

“This settlement—on top of other settlements by federal regulators—is aimed to bring some measure of accountability to practices that are unacceptable for a banking institution,” says Minnesota Attorney General Lori Swanson.

Authorities say Wells Fargo also improperly referred customers for enrollment in third-party renters’ and life insurance policies and improperly charged auto loan customers for force-placed and collateral protection insurance.

As part of previous settlements, Wells Fargo will also pay over $1 billion in civil penalties to the federal government and about $600 million to consumers.

Minnesota Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 39133

Reported Deaths: 1514
CountyConfirmedDeaths
Hennepin12597787
Ramsey4963229
Dakota242192
Stearns241419
Anoka2266109
Nobles16726
Olmsted114715
Washington113740
Mower9602
Rice8488
Scott7624
Clay59138
Kandiyohi5781
Blue Earth4942
Wright4835
Todd4012
Carver3951
Lyon3272
Sherburne3255
Freeborn2970
Watonwan2380
Steele2371
Benton2203
St. Louis19615
Nicollet17312
Martin1715
Cottonwood1360
Goodhue1318
Winona12915
Crow Wing10812
Le Sueur1081
Pine1070
Chisago1021
Otter Tail1001
McLeod920
Dodge880
Carlton870
Unassigned8537
Polk822
Chippewa791
Isanti750
Waseca710
Douglas650
Murray650
Itasca6412
Meeker611
Morrison611
Faribault600
Pipestone592
Becker570
Jackson550
Sibley542
Pennington520
Renville362
Beltrami340
Brown342
Mille Lacs342
Wabasha330
Rock310
Fillmore300
Yellow Medicine300
Houston270
Swift221
Wilkin213
Norman200
Redwood190
Koochiching181
Grant170
Roseau170
Cass162
Aitkin150
Big Stone150
Kanabec151
Wadena150
Marshall120
Pope120
Lincoln100
Mahnomen101
Clearwater90
Hubbard80
Lake60
Stevens50
Traverse50
Lac qui Parle40
Red Lake40
Kittson20
Cook10
Lake of the Woods00

Iowa Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 32064

Reported Deaths: 731
CountyConfirmedDeaths
Polk6739181
Woodbury326044
Black Hawk232358
Buena Vista171911
Johnson13408
Linn130482
Dallas129129
Marshall106019
Scott84510
Story8063
Pottawattamie74512
Dubuque74222
Wapello70830
Crawford6783
Muscatine64944
Sioux4810
Tama46829
Wright3851
Louisa36313
Jasper32517
Plymouth3245
Warren2911
Dickinson2663
Webster2484
Washington2459
Cerro Gordo1901
Hamilton1891
Boone1501
Clay1370
Allamakee1334
Clarke1333
Mahaska11717
Shelby1170
Clinton1131
Poweshiek1078
Carroll991
Pocahontas981
Bremer957
Franklin950
Des Moines912
Emmet870
Henry863
Cedar851
Hardin810
Taylor800
Monona770
Cherokee761
Floyd732
Marion710
Benton681
Guthrie684
Jones640
Sac640
Jefferson620
Osceola620
Buchanan601
Butler592
Hancock551
Humboldt551
Calhoun542
Harrison540
Lee542
Iowa530
Delaware511
Monroe517
Fayette500
Madison482
Lyon450
Clayton443
Davis411
Mitchell410
Palo Alto410
Grundy400
Mills390
Winneshiek390
Kossuth360
Howard340
Jackson340
Union340
Lucas314
Chickasaw290
Greene290
Winnebago290
Cass240
Ida230
Appanoose213
Keokuk211
Van Buren210
Page200
Worth200
Adair160
Audubon161
Unassigned160
Ringgold150
Decatur120
Montgomery102
Wayne100
Adams80
Fremont80
Rochester
Few Clouds
90° wxIcon
Hi: 90° Lo: 70°
Feels Like: 96°
Mason City
Few Clouds
93° wxIcon
Hi: 93° Lo: 71°
Feels Like: 100°
Albert Lea
Scattered Clouds
91° wxIcon
Hi: 92° Lo: 71°
Feels Like: 97°
Austin
Scattered Clouds
90° wxIcon
Hi: 93° Lo: 71°
Feels Like: 98°
Charles City
Clear
91° wxIcon
Hi: 92° Lo: 72°
Feels Like: 98°
Heat Advisory in effect until 7pm
KIMT Radar
KIMT Eye in the sky

Latest Video

Image

Free masks in Rochester

Image

Boys & Girls Club back open

Image

Rochester Elementary School releases plans

Image

Working in the heat

Image

Potential job cuts for Austin city employees

Image

Free memory screenings being offered during pandemic

Image

1K Mile March: Alabama to Minneapolis

Image

Changes being considered to city fireworks ordinance

Image

'Look Before you Lock' Initiative

Image

Dave's Noon Weather 7/8

Community Events