Wells Fargo to Pay $6.5 Million to Navajo Nation to Settle Suit on Sales Tactics -Reuters

Date : 08/22/2019 @ 7:12PM
Source : Dow Jones News
Stock : Wells Fargo and Company (WFC)
Quote : 48.63  -0.28 (-0.57%) @ 1:00AM

Wells Fargo to Pay $6.5 Million to Navajo Nation to Settle Suit on Sales Tactics -Reuters

Wells Fargo (NYSE:WFC)
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--Wells Fargo & Co. (WFC) will pay $6.5 million to the Navajo Nation to settle a 2017 lawsuit that alleged "predatory" sales tactics, Reuters reported Thursday.

--Navajo Nation President Jonathan Nez said the settlement "puts other companies on notice that harmful business practices against the Navajo people will not be tolerated," Reuters reported.

--Wells Fargo said the settlement demonstrates its "commitment to make things right regarding past sales practices issues," the report said.

 

https://www.reuters.com/article/us-wells-fargo-settlement-navajo/wells-fargo-pays-6-5-million-to-navajo-nation-over-predatory-practices-idUSKCN1VC22H?il=0

 

Write to Josh Beckerman at josh.beckerman@wsj.com

 

(END) Dow Jones Newswires

August 22, 2019 13:57 ET (17:57 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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