Tips for getting started:
A lawsuit accusing Wells Fargo of violating the Fair Housing Act by offering predatory loans to minority homebuyers will advance, a federal judge ruled Friday.
Wells Fargo on Thursday asked a federal judge to reject Oakland’s lawsuit claiming the bank's racist lending practices cost the city millions in lost tax revenue.
Attorneys for Wells Fargo asked a three-judge, 11th Circuit panel on Thursday to toss multiple class actions accusing the banking giant of unfair overdraft practices and send the cases to arbitration.
SAN FRANCISCO (CN) – A federal judge in San Francisco ruled that a class of Wells Fargo customers claiming the bank calculates withdrawals to maximize the amount of overdraft fees it can collect can proceed with its action. In denying Wells Fargo summary judgment to dismiss, U.S. District Judge William Alsup wrote, “While
The settlement follows a previous $3 billion Wells Fargo paid to resolve criminal and civil claims stemming from illegal “gaming” practices that went on for over a decade.
The ruling follows an unpublished Ninth Circuit opinion issued last month finding immigrants can sue a bank for making them ineligible to sign up for new accounts online.
The en banc panel found factors other than supposedly biased loan terms, such as job loss or divorce, could have contributed to foreclosures that caused home values to plummet in Oakland.
A lawyer for the city of Oakland said Congress intended to let cities sue banks for lost tax revenue when those losses are caused by violations of the Fair Housing Act.
Wells Fargo cannot dodge claims that its allegedly racist lending practices caused Oakland to lose millions of dollars in property taxes resulting from widespread foreclosures and a steep decline in home values, the Ninth Circuit ruled Wednesday.
The city of Oakland should not be allowed to sue Wells Fargo under the Fair Housing Act over lost property tax revenue from the foreclosures it attributes to the bank’s discriminatory mortgage lending practices, an attorney for the bank told the Ninth Circuit on Monday.
A federal judge refused to dismiss a lawsuit Sacramento filed against Wells Fargo bank, accusing it of offering bad, misguided loans to minority homebuyers during the Great Recession, thereby denying the city tax revenue.
ttorneys general of all 50 states and the District of Columbia said Friday that Wells Fargo will pay $575 million to settle claims of state consumer protection violations stemming from its phony accounts scandal.
A federal judge on Tuesday gave his final blessing to a $480 million deal to resolve claims that Wells Fargo misled investors about a costly sham accounts scandal that tarnished the bank's reputation.
A federal judge indicated Monday that he will allow nationwide litigation to go forward accusing Wells Fargo Bank of forcing unneeded auto insurance on borrowers.
Acknowledging the imperfect nature of class action settlements, a federal judge said Wednesday he will finalize "the least worst possible solution" – a $142 million deal to resolve consumer claims over Wells Fargo's phony accounts scandal.
The Navajo Nation on Tuesday made Wells Fargo Bank’s disastrous legal year a little bit worse, filing a 17-count federal lawsuit accusing the nation’s third-largest bank of targeting Navajos, especially minors, the elderly, and those who spoke limited English, with high-pressure tactics to open unnecessary accounts.
Democrats raised alarms on Wednesday over several bills aimed at curbing consumer class actions lawsuits, saying they would make it harder for people to take big businesses to court.
Already battered with lawsuits nationwide for its false accounts scandal, Wells Fargo has been sued again, by an accountholder who says the bank let a scammer take him for $285,000 through its negligence and aiding and abetting.
Wells Fargo’s board of directors and senior executives cannot dodge a class action accusing them of misleading investors about the phony accounts scandal that has cost the bank more than $300 million in penalties, a federal judge ruled.
Pointing to records that they say regulators intentionally withheld, a congressional committee says there is more evidence than ever that the Consumer Financial Protection Bureau obstructed oversight of Wells Fargo’s fraudulent accounts scandal.
