Wells Fargo & Co. is in the process of refunding tens of millions of dollars to customers for products such as pet insurance, legal services and other add-on services that were added to customers' accounts without their full understanding, a report says.
RELATED: Wells Fargo agrees to pay $1 billion to settle customer abuse claims
The Wall Street Journal, citing unnamed sources, reported Thursday that the bank for years charged monthly fees to hundreds of thousands of customers for dozens of products they didn't fully understand or know how to use.
The Consumer Financial Protection Bureau is looking into the matter, the newspaper reports.
Wells Fargo said in a statement emailed to the Associated Press that it is reviewing the add-on products and is working with regulators.
Wells Fargo refunding tens of millions of dollars to customers for hidden charges
CONSUMER CATCH-UP: Taxpayers get 3 month extension to pay taxes but must still file on time, financial institutions close local branches, and more
More TOP STORIES News