DES MOINES, Iowa- Iowa will receive more than $6 million as part of a $575 million national settlement with Wells Fargo.
The Iowa Attorney General's Office says states had claimed the bank violated consumer protection laws, that affected millions of customers.
“This agreement is unique and one of the largest multi state settlements with a bank since the National Mortgage Settlement in 2012,” Attorney General Tom Miller said. “This significant dollar amount, on top of actions by federal regulators, holds Wells Fargo accountable for its practices.”
The six (M) million will go to the state's Consumer Education and Litigation Fund.