Wells Fargo Faces Lawsuit Alleging Overtime Pay Violations Amid Unionization Drive
In a recent development, an employee of Wells Fargo & Co (WFC.N) has taken legal action against the bank, alleging…
wells fargo
Bank Regulatory Lawyer Jarryd Anderson Joins Paul Weiss, Rifkind, Wharton & Garrison
Bank regulatory lawyer Jarryd Anderson has recently moved significantly in his legal career, transitioning from O'Melveny & Myers to the…
Wells Fargo Fined $1 Billion for Auto Loan, Mortgage Abuses
Summary: Wells Fargo was fined $1 billion by the government for an auto loan insurance and home loan scheme. On…
Senate Nixes Rule That Allows Consumers to Sue Banks and Credit Card Companies
Summary: The Senate has voted to end the CFPB rule that barred mandatory arbitration clauses from financial companies. This week,…
Wells Fargo Discloses More Fake Accounts
Summary: Wells Fargo admitted that 3.5 million fake accounts were created by employees trying to meet unrealistic sales goals. The…
Wells Fargo Promises to Disclose All Legal Disputes
Summary: Wells Fargo said that its legal bill is an estimated $3.3 billion. On Friday, troubled banking institution Wells Fargo…
Wells Fargo Caught Charging Customers for Unwanted Auto Insurance
Summary: Auto Loan customers at Wells Fargo were charged for auto insurance despite not asking for it or needing it.…
Wells Fargo Allegedly Steered Blacks and Latinos to Costlier Mortgages
Summary: The city of Philadelphia has slapped Wells Fargo with a discrimination lawsuit. Wells Fargo has a history of mistreating…
Wells Fargo Settles Fake Account Class-Action Lawsuit
Summary: Wells Fargo has offered to settle its first class-action lawsuit arising from its fake account scandal. On Tuesday, Wells Fargo…
Shuttered New Jersey Law Firm Sues Wells Fargo
Summary: In a new lawsuit, a robo-signing law firm blames Wells Fargo for its financial woes. A now defunct law…
Former Wells Fargo Employees File Class Action Lawsuit in California
Summary: A class action lawsuit against Wells Fargo was filed in California last Thursday. The public’s compounding interest in the…
Wells Fargo Employees Caught Creating Millions of Fake Accounts to Collect Fees
Summary: Wells Fargo fired 5,300 employees for creating fake accounts to collect real fees from customers. Bank customers hate paying…