A North Carolina couple sued Wells Fargo & Co. for allegedly changing the terms of their home loan without approval from them or the court considering their Chapter 13 bankruptcy filing (Cotton v. Wells Fargo Bank, N.A., Bankr. W.D.N.C., 3:17-ap-03056, complaint 6/6/17).
Christopher and Allison Cotton — seeking to represent a class of debtors in a suit filed recently — accused the bank of an illegal “stealth modification” to their mortgage that lengthened the loan and increased interest costs. The suit in North Carolina bankruptcy court joins several that have targeted Wells Fargo over the practice in at ...
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