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Judge Reinstates $203 Million Penalty Against Wells Fargo

A federal judge reinstated a $203 million penalty against Wells Fargo & Co. (WFC) in a lawsuit related to overdraft fees, Reuters reported Wednesday.The judge imposed the penalty in 2010. In December, an appeals court vacated the restitution order, but found that the bank violated part of a California law and remanded the case back to the district court.Wells Fargo plans to appeal, a spokeswoman for the company told Reuters.Full story at http://www.reuters.com/article/2013/05/15/us-wellsfargo-overdraft-decision-idUSBR 94E14320130515Write to nymonitoring@dowjones.comSubscribe to WSJ: http://online.wsj.com?mod=djnwiresCopyright © 2013 Dow Jones Newswires...

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  1. Judge Reinstates $203 Million Penalty Against Wells Fargo in California Overdraft -Fee Case -Reuters

    A federal judge reinstated a $203 million penalty against Wells Fargo & Co. (WFC) in a lawsuit related to overdraft fees, Reuters reported Wednesday.The judge impose...

  2. Wells Fargo ordered to pay $203 million in overdraft case

    A federal judge has again ordered Wells Fargo & Co to pay $203 million to settle class action litigation accusing it of imposing excessive overdraft fees on checking...

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