The bank charged customers for unnecessary coverage, leading to 25,000 wrongful vehicle repossessions. A new report determined Wells Fargo auto insurance was forcibly sold to customers who did not require this coverage. As a result of the bank’s activity, there were approximately 25,000 wrongful vehicle repossessions. Over 800,000 people who took out Wells Fargo car loans were charged for unnecessary insurance. The added expense of the unnecessary Wells Fargo auto insurance was too much for some borrowers, whose vehicles were wrongfully repossessed. The report showed that among 800,000 of the…
Read MoreWells Fargo auto insurance forced on borrowers who didn’t need it
