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Sort by date 298 pages found matching Wells Fargo- Wells Fargo Excessive Overdraft Fees Legal News & Lawsuit Information
Wells Fargo Bank and other financial institutions have faced allegations that they used deceptive practices in charging customers excessive overdraft fees. Federal rules that took effect in 2010 no longer allow banks and credit unions to charge overdraft fees on ATM or debit card transactions unless the bank customer agrees to "opt-in" to overdraft... - Settlement Reached in Wells Fargo & Wachovia Gender Discrimination Class Action
New York, NY: A settlement has been reached in a class action lawsuit against Wells Fargo Advisors, LLC, Wells Fargo & Co., Wachovia Securities, LLC, a wholly owned subsidiary of Wells Fargo & Co., and Wachovia Corporation ("Wachovia") (collectively "Wells Fargo"or "Defendants") in the United States District Court for the District of Columbia (styled Evely... - Wells Fargo Fake Account Scandal Grinds On
Apr-23-20 Oakland, CA The Northern District of California has approved attorneys’ fees in the settlement of the latest lawsuit arising from the massive Wells Fargo fake account fraud. The scandal came to light in 2016 after account holders raised questions about mysterious bank overdraft fees that they were charged. The bank’s misconduct, however, ma... - Wells Fargo Ordered to Pay $203M in Overdraft Fees Class Action Settlement
San Francisco, CA: US District Judge William Alsup has issued an order to reinstate a $203 million judgment against Wells Fargo Bank. The judgment is based upon the court's findings, as affirmed on appeal by the Ninth Circuit, that Wells Fargo violated California's unfair competition law by deceiving its customers that debit card purchases would be posted... - Wells Fargo’s Pursuit of Arbitration a Waste of Resources: Plaintiffs
Apr-24-17 Atlanta, GA: A long-running class action lawsuit alleging banking giant Wells Fargo charged their clients and consumers excessive overdraft fees is attempting to move forward amidst a petition by the plaintiffs that Wells Fargo is not in any position to seek arbitration, as the defendant has tarried too long for arbitration to be appropriate. Wells... - Wells Fargo Loses Overdraft Fee Appeal
Apr-13-16 Washington, DC: Banks and credit unions fighting back against excessive overdraft fees lawsuits just lost another important round as the US Supreme Court refused to hear Wells Fargo’s appeal of an overdraft fees award. Lawsuits filed against banks and credit unions allege the financial institutions misled customers about their overdraft policies,... - Wells Fargo Faces California Labor Lawsuit Alleging Failure to Pay Overtime, Wrongful Termination
Oct-3-16 Los Angeles, CA: Wells Fargo, currently under scrutiny for reportedly using unethical and illegal tactics to open unauthorized debit and credit card accounts, now faces a California labor lawsuit from two former employees who allege they were fired for refusing to open unauthorized accounts and/or for failing to meet unrealistic sales quotes. The lawsu... - Wells Fargo Now Favors Arbitration in Long-Running Overdraft Fees Lawsuit
Oct-16-17 Atlanta, GA: The defendant in an excessive bank overdraft fees lawsuit petitioned an appeals court back in August to compel more than a million Wells Fargo account holders allegedly hit with excessive bank fees to individually pursue a remedy through arbitration, rather than through the courts. The New York Post (08/25/17) reports that Wells Fargo... - Wells Fargo Settlement Raises Legal Fees Queries
Nov-25-22 Santa Clara, CA A Wells Fargo's $6.5 million California labor class action wage-and-hour settlement involving about 27,500 workers may be a good deal for the class reps and plaintiffs’ lawyers, but employees may be getting shortchanged – again. Plaintiffs’ Deal Skewed This deal proposal would pay $2.167 million in attorney fees, $... - Wells Fargo Urges Judge to Refuse to Certify Hundreds of Employees in Class Action
Mar-6-17 Los Angeles, CA: Wells Fargo on Monday urged a California federal judge to refuse to certify a class of more than 600 home consultants who claim in a California Labor lawsuit that the bank failed to pay them for missed meal breaks. In the class action Nicole Torres et al. v. Wells Fargo Bank NA, Case No. 5:15-cv-02225, US District Court for the C... - Wells Fargo Under Fire for Excessive Fees Again
Sep-14-16 Washington, DC : It's bad enough when consumers have to pay excessive bank fees for transactions that have been reordered, or when they haven't authorized overdraft on their account. But now allegations have been raised that Wells Fargo not only created millions of unauthorized accounts, it also charged customers for those secret accounts. The Consumer... - Wells Fargo in Hot Water Over Auction Rate Securities
Apr-30-09 San Francisco, CA The state of California has jumped into the auction rate securities fiasco, accusing Wells Fargo & Co of fraud for its role in the auction rate securities market. California is not the first state to get involved with auction rate securities and how they were marketed. Other states have taken action against what they allege are misleadi... - Wells Fargo Settles Disability Discrimination Suit for 22.1 million
Aug-28-24 Charlotte, NC A former Wells Fargo Securities supervisor was awarded $22.1 million by a federal court jury in Charlotte in July. Christopher Billesdon’s disability and age discrimination lawsuit accused the San Francisco-based bank of violating the Americans with Disabilities Act and wrongful discharge under North Carolina state law. However,... - Wells Fargo and Rels Valuation Face Evaluation Suit
Two homeowners in Phoenix recently filed a lawsuit against Wells Fargo (NYSE: WFC) and its appraisal subsidiary Rels Valuation, claiming the mortgage giant illegally rigged the appraisal process and referred appraisal business to its subsidiary in a scheme to boost profits at the expense of homeowners. The lawsuit, filed under the Racketeering Influenc... - Why the Bid to Dismiss SEC Whistleblower Lawsuit against Wells Fargo Failed
Dec-22-17 San Francisco, CA: An SEC whistleblower lawsuit against venerable banking giant Wells Fargo Co. is alleged to carry further allegations of SEC fraud according to legal analysis published by Law360 (12/11/17). A shareholder derivative lawsuit in US District Court, Northern District of California ( In re Wells Fargo & Co. Shareholder Derivative... - Wells Fargo Bank Settles TCPA Lawsuit
Jul-29-16 Atlanta, GA: It's not just small debt collection companies that run afoul of consumers for alleged violations of the Telephone Consumer Protection Act (TCPA). Large financial institutions such as Wells Fargo Bank also find themselves on the receiving end of lawsuits alleging they contacted customers without consent, in violation of TCPA and the Fair De... - Wells Fargo to Pay $97M to Commissioned Brokers for Rest Breaks
May-21-18 Los Angeles, CA: A Wells Fargo mortgage broker last year filed a wage and hour lawsuit alleging the bank failed to provide rest breaks, among other violations. The bank said it owed employees $25 million, but last week a federal judge agreed with its bankers and consultants: the money they were entitled to for unpaid rest breaks should be based on their... - LAPD Employee Receives $1 Million Settlement for Workplace Retaliation
Feb-13-16 A Los Angeles Superior Court plaintiff received a $1 million settlement for her lawsuit against the city for discrimination, harassment and retaliation. Plaintiff Danielle Wells, a Los Angeles Police Department (LAPD) employee, filed a government tort claim and eventually a lawsuit against the City for serious violations of California Fair Employment and... - $95.7 Wells Fargo Settlement Offer in Question as Objector Raises New Issues
Oct-4-21 San Jose, CA On September 23, the U.S. District Court for the Northern District of California heard objections to a $95.7 million offer made by Wells Fargo to settle consolidated class action lawsuits brought by Wells Fargo Home Mortgage Consultants (HMCs). The lawsuits allege that the bank violated California state labor laws by failing to either p... - Labor Department Orders Wells Fargo to Reinstate Whistleblower and Pay $577,000 in Back Wages
Jul-27-17 San Francisco, CA: The US Department of Labor has ordered Wells Fargo to reinstate a former branch manager whistleblower that the bank fired for reporting bank employees who where secretly opening new accounts for customers without their knowledge or consent. The Labor Department announced the ruling in a July 21, 2017 news release. "The US Depar...