Judge orders Wells Fargo to pay for charging overdraft fees

08/10/2010 | Wall Street Journal, The

Judge William Alsup of the U.S. District Court of Northern California, ordered Wells Fargo to compensate customers who were improperly charged overdraft fees. Wells Fargo will pay more than $200 million for posting transactions in a way that generated more overdraft fees. The bank said it will appeal the class-action ruling.

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