“First, banks escaped accountability for violations,” Kevin Stein, deputy director for the California Reinvestment Coalition, told American Banker. “Now they are somehow able to profit from them?”

In a development that is drawing ire from consumer groups, Wells Fargo may actually reap a $240 million reward for its various scandals.

If a judge approves a proposed settlement, unnamed insurance companies will pay the scandal-plagued bank $240 million to settle allegations that top Wells Fargo officials knew about and ignored widespread misconduct at the bank, according to a report by American Banker.