Wells Fargo settles privacy allegations for $8.5 million
State Attorney General Kamala Harris and five California district attorneys on Tuesday announced an $8.5 million settlement with Wells Fargo Bank over alleged privacy violations.
The civil complaint filed earlier this year in Los Angeles Superior Court alleged that Wells Fargo violated California law by failing to timely and adequately disclose its automatic recording of phone calls with members of the public.
Wells Fargo did not admit any wrongdoing. Officials said in a statement that the company now has procedures to ensure disclosures occur when a call begins.
Mark Glover: 916-321-1184, @markhglover
This story was originally published March 29, 2016 at 1:31 PM with the headline "Wells Fargo settles privacy allegations for $8.5 million."