If you've been following the news, you may have heard that Wells Fargo Bank has admitted to opening unauthorized accounts in the names of their customers on a large scale in an effort to charge fees.  The latest reports have that number near 3.5 million individual accounts that were opened without authorization from the supposed owners.

As part of the cleanup process, the financial firm has agreed to pay out a $142 million class action settlement to people who were affected by the situation.

To its credit, Wells Fargo has made changes to its operating practices and has made contact with individuals that were affected by the practice.  Nonetheless, financial advisors suggest that you review your bank statements to surmise whether or not you have additional bank accounts open that you did not authorize.

If you believe that you were included as part of the case, you can apply to be included in the class action settlement.  Click here for details.


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