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Some Wells Fargo customers have already received their...
People owed a piece of the $2 billion that Wells Fargo has agreed to pay to customers affected by some of its banking practices could soon receive those funds.
The nation’s fourth-largest bank reached a settlement with the Consumer Financial Protection Bureau, announced Tuesday, to resolve customer abuses related to auto lending, deposit accounts and mortgage lending, affecting about 16 million accounts.
Wells Fargo also agreed to pay a $1.7 billion civil penalty — the largest ever doled out by the CFPB.
“We have already communicated with many of the customers who may have been impacted by the matters covered in the settlement, and those efforts are ongoing,” a Wells Fargo spokesperson told...
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Stocks making the biggest moves after hours: Under...
Check out the companies making headlines after the bell:
Micron Technology — The semiconductor stock slumped about 2% in after-hours trading after earnings and revenue for its fiscal first quarter fell short of Wall Street’s expectations. Micron Technology also said it expects a wider-than-expected adjusted loss of 62 cents a share for the current period.
Under Armour — Under Armour’s stock seesawed in extended trading following news that Marriott International President Stephanie Linnartz will join the athletics apparel company as its next CEO. Shares last traded about 1% lower.
MillerKnoll — MillerKnoll’s stock jumped 6% in extended trading after the office furniture maker beat top and bottom line estimates for its fiscal second quarter....
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