Wells Fargo and its leadership are also facing another type of lawsuit arising as of this illegal scheme, and it was brought on behalf of its shareholders. Read more
The settlement would end nearly eight years of litigation that have resulted in more than $226 million in payouts from 11 Defendants, including Morgan Stanley and JPMorgan Chase. Read more
Wells Fargo, the nation’s largest mortgage lender, has agreed to pay $1.2 billion to put to rest claims that it engaged in reckless lending from 2001 through 2010. Read more
Wells Fargo was accused of ordering unnecessary property inspections and charging delinquent borrowers. Read more
Wells Fargo Bank NA and Assurant Inc. have settled a putative class action lawsuit in an Illinois federal court. The two companies were accused in the case of conspiring to inflate the cost... Read more
A New York federal jury returned a $54.8 million verdict against Wells Fargo & Co. in a class action accusing mortgage companies previously owned by Wells Fargo’s Wachovia Corp. of charg... Read more
Wells Fargo & Co. has been sued for biased lending by Cook County, Ill. The largest U.S. mortgage lender was accused of targeting black, Hispanic and female borrowers with predatory and... Read more
The Ninth Circuit Court of Appeals has ruled that Wells Fargo Bank NA will have to pay a $203 million class action penalty for misrepresenting the way it processed debit cards in order to ma... Read more
Los Angeles has filed suit against Wells Fargo and Citigroup, alleging the companies engaged in mortgage discrimination that led to a wave of foreclosures in minority communities during the... Read more
Wells Fargo has agreed to spend at least $42 million to settle claims that it neglected the maintenance and marketing of foreclosed homes in black and Latino neighborhoods across the country... Read more
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