Wells Fargo Ordered to Repay Customers for Overdraft Fees

A federal judge in California has ordered the banking giant Wells Fargo to change its policies on overdraft fees and return $203 million to customers who overpaid. In his ruling, US District Judge William Alsup said Wells Fargo had engaged in "profiteering" and "unfair and deceptive business practices" that led customers into paying excessive fees. Wells Fargo drove up fees by processing the most expensive transactions first, instead of in the order of when they took place