NEW YORK—A judge in New York has given final approval to a deal calling for Wells Fargo Bank to pay $1.2 billion to the government to settle claims against it for improper mortgage lending practices.
U.S. District Court Judge Jesse Furman approved the settlement Friday in Manhattan.
Wells Fargo & Co. says the previously announced deal lets it put the legal process behind it.
Melvin Willis, with the Alliance of Californians for Community Empowerment (right) protests with others to air complaints about Wells Fargo's consumer lending and mortgage practices following the Wells Fargo's shareholders' meeting Tuesday, April 23, 2013, in Salt Lake City. AP Photo/Rick Bowmer
