GREENVILLE, N.C. (WNCT) – The Justice Department is investigating Wells Fargo for illegally repossessing cars owned by U.S. military service members.
The Justice Department said the illegal repossessions involved 413 cars and took place from 2008 until 2015.
In these cases, the bank failed to get a court order before seizing the cars, which they are supposed to do for active-duty troops.
Wells Fargo now has to pay $10,000 to each of the affect service members, plus pay lost of equity in the cars with interest.
The bank will also have to repair the credit of those impacted.