Wells Fargo customers filed a $5 million lawsuit against the bank, saying Wells Fargo opened bank accounts without authorization and transferred funds without consumers’ consent (Mitchell v. Wells Fargo Bank, D. Utah, 16-cv-00966, complaint filed 9/16/16).
The Sept. 16 complaint in the U.S. District Court for the District of Utah comes on the heels of a $185 million enforcement action against Wells Fargo by the Consumer Financial Protection Bureau, the Office of the Comptroller of the Currency and the city of Los Angeles28 BBLR 1154, 9/15/16, See previous story, 09/09/16, 107 BBR 305, 9/12/16, 175 Banking Daily, 9/9/16.
The lawsuit, framed as a class action, said the ...
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