Corporate
Mar. 4, 2024
Wells Fargo accused of covertly enrolling customers in products
A complaint says the financial institution sent letters to many fraudulently enrolled customers and unlawfully shifted the burden to dispute the enrollment.
Wells Fargo & Co. was accused in a putative class action filed in San Francisco of covertly enrolling customers in financial products and services and trying to pay its liabilities at bargain rates.
The lawsuit came more than a year after Wells Fargo paid $3.7 billion to the Consumer Financial Protection Bureau and consumers to settle claims that it illegally assessed interest charges on auto and mortgage loans and engaged in other u...
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