Wells Fargo Customers Sue Claiming Insurance Scheme Was Scam

By Laura J. Keller and Margaret Cronin Fisk, Bloomberg News

Wells Fargo & Co. customers accused the bank in a lawsuit of forcing them to pay for unnecessary auto insurance that drove some of them so far into a financial spiral that their vehicles were repossessed.

The complaint comes after a year of handwringing and internal changes brought on by an earlier snafu at Wells Fargo.

Bank workers opened up possibly 2.1 million checking and credit- card accounts without customers’ permission over about half a decade, and the bank paid $185 million to regulators to settle the matter.

Now, the ...