Wells Fargo to pay $110 million to settle class-action lawsuit

Wells Fargo announced Tuesday it will be paying $110 million in a class-action lawsuit over the fake account scandal. 

The bank has been under fire since last September when it acknowledged its employees opened up 2 million bank and credit card accounts without authorization to meet sales goals. 

The company has already had to pay millions in civil penalties by the Consumer Financial Protection Bureau. 

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