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SANTA ANA, Calif. (AP) — Wells Fargo has agreed to pay at least 5 million to settle a California lawsuit alleging it signed up thousands of auto loan customers for costly car insurance without their consent, resulting in many having their vehicles repossessed.The bank filed the agreement Thursday in a federal court in Santa Ana. It still needs a judge's approval.Another defendant, National General Insurance, agreed to pay .5 million, the New York Post reported.San Francisco-based Wells Fargo confirmed the agreement Friday and called it "an important step in making things right." The bank's statement said that it will be sending checks to affected customers.The 2017 class-action lawsuit alleged that for more than a decade, Wells Fargo tacked on insurance to customers' car loans that they didn't need because they had private insurance.Some 25,000 car owners couldn't meet the additional fees and had their vehicles repossessed, the suit alleged.The bank acknowledged in 2017 that million in unnecessary insurance charges had been added to 800,000 auto loans.It's one in a series of scandals involving the banking giant, starting in 2016 with the uncovering of millions of fake checking accounts its employees opened to meet sales quotas.That led to the resignation of CEO John Stumpf. Last year, the Federal Reserve capped the size of Wells Fargo's assets, and Stumpf's replacement, Tim Sloan stepped down in March. New improprieties had come to light on his watch, including the auto loan issues.Federal regulators who lost patience with Wells Fargo's continued bad behavior inflicted harsh punishments. Wells had to pay a billion fine last year to the Consumer Financial Protection Bureau and the Office of the Comptroller of the Currency. But more importantly, the Federal Reserve stepped in and handcuffed Wells' ability to grow its business until the bank could prove that it had gotten its house in order.Despite the restrictions, Wells Fargo reported in March that it earned .86 billion and profits rose by 14% from a year earlier, helped by higher interest rates.Wells Fargo stock closed down 29 cents Friday at .63 per share. 2169
SAN FRANCISCO (AP) — The University of California has accepted a record number of freshmen and transfer students that includes the most ever from California for the 2019-20 academic year.The university system said Monday its nine undergraduate campuses accepted 71,655 California freshmen and 26,700 students who will transfer from California community colleges. That's more than 3,200 California students than last year.UC schools have been under pressure to accept California residents so they can have a cheaper way to complete a four-year degree at the state's top public universities.Nearly 218,000 prospective undergraduates applied for at least one UC school for fall 2019 during the application period that ended Nov. 30, according to figures released by the university system. They include about 177,000 applications to become freshmen. 853

SEATTLE (AP) — A U.S. judge on Thursday blocked controversial Postal Service changes that have slowed mail nationwide. The judge called them “a politically motivated attack on the efficiency of the Postal Service” before the November election. READ THE FULL ORDERJudge Stanley Bastian in Yakima, Washington, said he was issuing a nationwide preliminary injunction as sought by 14 states that sued the Trump administration and the U.S. Postal Service. He said the changes created “a substantial possibility many voters will be disenfranchised.”The states challenged the Postal Service’s so-called “leave mail behind” policy, by which trucks have been leaving postal facilities on time whether or not there is more mail to load. They also sought to force the Postal Service to treat election mail as First Class mail.Meanwhile, Postmaster General Louis DeJoy Thursday held a call with the National Association of Secretaries of State (NASS) Election Committee. During the call he affirmed delivering ballots is his organization's top priority between now and Election Day. 1079
SANTEE, Calif. (KGTV) -- A victim was rescued following a crash in Santee Wednesday afternoon. According to the San Diego County Sheriff’s Department, the crash happened just after 4:30 at Mission Gorge Road and Cottonwood Avenue. Deputies responded to calls of a car hitting a motorcyclist. The victim was said to be conscious and breathing when they were taken to the hospital. Their condition is unknown at this time. 10News will continue to keep you updated as soon as we receive more information. 510
SDCCU is proudly honoring local teachers through SDCCU Classroom Heroes, launched in partnership with iHeartMedia, Inc. San Diego. “SDCCU is engaged in many philanthropic activities aimed at making a difference in our local schools. We understand the critical role of teachers in helping to shape the future of today’s youth and contributing to a strong and thriving economy for years to come,” said SDCCU President and CEO Teresa Halleck. 452
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