Wells Fargo To Pay $5M For Unlawfully Repossessing Service Members' Cars

Wells Fargo has agreed to a second round of payments to more than 400 members of the military whose personal vehicles the banking giant repossessed while they were on active duty.

Each service member victimized by the bank will receive $12,300 from a $5 million-plus settlement fund Wells Fargo has agreed to set up. The settlement resolves a federal class action lawsuit filed in Topeka in 2017 by Jin Nakamura, a soldier stationed at Fort Riley, Kansas.