Wells Fargo Faces Certified Class of Mortgage Consultants

Wells Fargo Bank N.A. must face a certified class of California mortgage consultants and bankers challenging the bank’s compensation plan, a federal court ruled Feb. 6.

The allegations are based on a common compensation plan applicable to all class members, making class certification appropriate, Judge Beth Labson Freeman wrote for the U.S. District Court for the Northern District of California.

The class includes about 4,500 employees.

James C. Kang sued his employer alleging numerous violations of California state wage and hour laws on behalf of its California-based mortgage sales force. Wells Fargo improperly “clawed back” hourly wages and vacation pay ...