A U.S. Supreme Court ruling this week could clear the way for a lawsuit by three metro Atlanta counties alleging that predatory lending practices by mortage lenders cost them hundreds of millions in lost property taxes and higher expenses in blighted neighborhoods. In a mixed ruling, the U.S. Supreme Court said cities can sue banks for alleged predatory lending practices that violate the Fair …
New court filings claim Wells Fargo employees were instructed to “round up” immigrants in the country illegally, bring them into a branch office, and convince them into opening bank accounts, new. A series of sworn statements filed detail the latest allegations of the embattled bank’s account-sales scandal. Wells Fargo employees from multiple states said they were ordered to target undocumented …
Wells Fargo employees were ordered to “round up” undocumented immigrants and other workers and then herd them into branches so residents could be coaxed into opening checking accounts, court papers filed Wednesday claimed. Related Articles These accusations are the latest anecdotes to paint a picture of high-pressure sales tactics at Wells Fargo that ultimately led to a scandal …
Borrowers who had a mortgage serviced by Wells Fargo between May 6, 2005 and July 1, 2010 will soon receive their share of a $50 million settlement stemming from allegations that Wells Fargo overcharged borrowers for Broker Price Opinions during that period. The settlement, which was initially announced in October, stems from a class action lawsuit against Wells Fargo that claimed that the bank …
A New Jersey woman has sued Wells Fargo Bank, saying she was fired for refusing to participate in a scheme to manipulate accounts and sell products that weren’t in customers’ best interest. Melinda Bini filed a lawsuit in state court in New Jersey on April 5 against the bank and three supervisors from the branch she worked at in Highland Park, NJ.com reported. In the lawsuit, Bini accused her superiors of running …
Archie and Angela Hudson filed their lawsuit last year against Wells Fargo, A federal judge ruled last week the case against Wells Fargo has to go to arbitration because of an agreement the couple signed, but U.S. District Judge Daniel Jordan refused Wells Fargo’s motion to dismiss the case. The Clarion-Ledger
In a deal announced on Tuesday, the San Francisco-based lender has agreed to pay out $110m to settle numerous class-action lawsuits across the United States. The lawsuits stem from revelations last year that Wells Fargo employees had opened up to 2 million unauthorised deposit and credit accounts in customers’ names in order to boost their own pay and, as alleged by some, fee income …
A Chicago federal judge has declined to let Wells Fargo off the hook of a junk fax class action lawsuit against the bank and one of its member services credit card processer, saying, even if Wells Fargo had no knowledge of the credit payment company’s decision to send a fax bearing its name, the bank’s name on the fax and business connection to its partner means it could share liability for the …
Last week Wells Fargo agreed to two separate Telephone Consumer Protection Act (TCPA) Class Action Settlements. Both cases were filed in federal court in Georgia. The first was Prather v. Wells Fargo Bank, N.A.
Wells Fargo Advisors has reached a $35.5 million settlement with a group of African-American financial advisers who claimed the firm discriminated against them due to their race. The group of six brokers, with lead plaintiff Lance Slaughter, are joined by 325 confirmed African American brokers or trainees at the firm, said Linda Friedman, the attorney for the class plaintiffs. There could be …