New York • Wells Fargo agreed Friday to expand a recently settled class-action lawsuit by an additional $32 million as well as extend claims for fraudulent accounts that may have been opened going back to 2002.
The bank said it now will pay $142 million to customers for damages caused by any accounts opened without the customers' permission. That's on top of the $185 million Wells Fargo was fined by federal and local authorities back in September.
While the increase of $32 million is notable, the bigger news is Wells has now expanded its window for unauthorized accounts going back 15 years. Wells will now cover all customers affected going back to May 1, 2002.