Borrowers File Class Action Against Major U.S. Banks Alleging Prime Rate-Fixing Conspiracy
In a sweeping new class-action lawsuit, a group of borrowers has accused some of the largest U.S. financial institutions of…
wells fargo
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…
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…