Wells Fargo Identifies 1.4 Million Extra Doubtlessly Faux Accounts

| Justin Sullivan/Getty Images Wells Fargo identifies 1.4 million more potentially fake accountsWells Fargo announced Thursday that as many as 3.5 million accounts may have been opened without customers’ permission, or about 1.4 million more accounts than the bank had originally found.
As a result of the discovery of additional problematic accounts, Wells Fargo will pay $2.8 million more in customer claims.
A $142 million class-action settlement between Wells Fargo and its customers covers fake accounts extending back to 2002.
The rate of fraudulent accounts, just about 2 percent, is consistent with the rate of problems Wells had discovered previously.
The bank had already paid out $3.7 million as of the end of July, Wells said.

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