Wells Fargo agrees to $50M settlement

FILE - In this July 14, 2014, file photo, a man passes by a Wells Fargo bank office in Oakland, Calif. Regulators announced Thursday, Sept. 8, 2016, that Wells Fargo is being fined $185 million for illegally opening millions of unauthorized accounts for their customers in order to meet aggressive sales goals. (AP Photo/Ben Margot, File)

(KRON)—Wells Fargo agreed to pay $50 million in a new settlement.

This time, the San Francisco based company is accused of overcharging homeowners for appraisal fees.

Those fees are typically 30-dollars or less, but Wells Fargo was charging at least three times that amount.

The fees were oftentimes listed as ‘other charges.’

This news comes almost two months after another major scandal at the company.

Bank employees opened millions of phony accounts without customers’ permission in order to boost their sales numbers.

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