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Customers accusing Wells Fargo and National General Insurance of tacking on pointless auto insurance coverage to spice up automobile mortgage payments are requesting approval of a $393.5 million settlement. Negotiations with the businesses started in May 2018, and final Thursday the plaintiffs submitted their movement for preliminary approval of the category motion settlement. Wells Fargo already paid $1 billion to the Consumer Financial Protection Bureau and the Office of the Comptroller of the Currency in April 2018. Ring of Fire’s Farron Cousins discusses this with Scott Hardy from Top Class Actions.
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