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Wells Fargo does it again, this time with unwanted auto insurance

The lender may have charged more than 500,000 people for auto insurance they didn't need

Laura J Keller | Bloomberg 

Fraudulent bank accounts, bogus credit cards, compromised customer data and, now, unwanted car insurance. Wells Fargo & Co, it seems, just can’t stay out of trouble. News late this week that the lender may have charged more than 500,000 people for auto insurance they didn’t need has raised uncomfortable questions for the bank, including the big one: What will it take to clean up Wells Fargo? After nearly a year of scandal and upset, including the ouster last year of Wells Fargo’s long time Chief Executive Officer John Stumpf, this week’s development ...

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First Published: Mon, July 31 2017. 02:06 IST
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