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Sort by relevance 296 pages found matching wells fargo- Time For Banks To Pay Up: Excessive Overdraft Fees Lawsuits Settled
Jul-27-18 Washington, DC: You may have been charged excessive bank overdraft fees unknowingly. Or maybe you filed a bank overdraft fees lawsuit some time ago to fight back against the banks. If so, you may be able to make money from the banks, namely Bank of America, Wells Fargo, JPMorgan Chase and TCF National Bank. Bank Overdraft Fees Under the law, a ban... - Wells Fargo to Pay $97M to Commissioned Brokers for Rest Breaks
May-21-18 Los Angeles, CA: A Wells Fargo mortgage broker last year filed a wage and hour lawsuit alleging the bank failed to provide rest breaks, among other violations. The bank said it owed employees $25 million, but last week a federal judge agreed with its bankers and consultants: the money they were entitled to for unpaid rest breaks should be based on their... - MB Financial Facing Lawsuit re $6,000 in Overdraft Fees
Apr-30-18 Chicago, IL MB Financial dinged Rhonda Boone for a truly jaw-dropping $6,000 in bank overdraft fees between 2015 and 2017. That was 18 percent of her total income for those years. On March 12, 2018 she filed a lawsuit in the Northern District of Illinois seeking class action status on behalf of herself and other similarly situated checking and mon... - Despite Recent Settlements, Banks Still Bilking Consumers Out of Billions
Jan-19-18 Washington, DC: When one looks back to 2017 and considers examples when banks have been called to account for excessive bank overdraft fees – including last November’s $66.6 million settlement to end a bank overdraft fees lawsuit against Bank of America – one would naturally assume progress is finally being made on an issue that... - Why the Bid to Dismiss SEC Whistleblower Lawsuit against Wells Fargo Failed
Dec-22-17 San Francisco, CA: An SEC whistleblower lawsuit against venerable banking giant Wells Fargo Co. is alleged to carry further allegations of SEC fraud according to legal analysis published by Law360 (12/11/17). A shareholder derivative lawsuit in US District Court, Northern District of California ( In re Wells Fargo & Co. Shareholder Derivative... - $13M Wells Fargo Unpaid Breaks and Wages Class Action Lawsuit Settlement Reached
Los Angeles, CA: A $13 million settlement has been reached between Wells Fargo and around 44,000 employees in California who filed an unpaid wages class action lawsuit. Specifically, the lawsuit alleges the bank failed to pay for hours worked off-the-clock, including both overtime and straight-time pay, and failed to provide meal and rest breaks. If... - It Just Got Harder to Sue Your Bank for Excessive Overdraft Fees
Oct-30-17 Washington, DC: On October 24,2017, the Senate voted to overturn a Consumer Financial Protection Bureau (CFPB) rule that limited banks’ ability to enforce mandatory arbitration clauses in consumer contracts. While this change is unlikely to alter the course of existing excessive overdraft fee lawsuits , it will make it much harder for consumer... - Wells Fargo Now Favors Arbitration in Long-Running Overdraft Fees Lawsuit
Oct-16-17 Atlanta, GA: The defendant in an excessive bank overdraft fees lawsuit petitioned an appeals court back in August to compel more than a million Wells Fargo account holders allegedly hit with excessive bank fees to individually pursue a remedy through arbitration, rather than through the courts. The New York Post (08/25/17) reports that Wells Fargo... - Banks Fight Excessive Overdraft Suits with Bid for Arbitration
Sep-8-17 Atlanta, GA: Only a nut would sue for $35. Banks count on that when they boost overdraft fees through a technique known as “debit resequencing.” The 2010 changes in banking law that were part of Dodd-Frank have failed to kill the practice. It persists even after a $35 million class-action settlement over Union bank excessive overdraft fees... - Labor Department Orders Wells Fargo to Reinstate Whistleblower and Pay $577,000 in Back Wages
Jul-27-17 San Francisco, CA: The US Department of Labor has ordered Wells Fargo to reinstate a former branch manager whistleblower that the bank fired for reporting bank employees who where secretly opening new accounts for customers without their knowledge or consent. The Labor Department announced the ruling in a July 21, 2017 news release. "The US Depar... - Study Finds Consumers Complain Most About Banks With Highest Overdraft Fee Revenue
Jul-19-17 Washington, DC: A consumer protection report has found a correlation between the banks that customers complain about most and the amount of revenue from overdraft fees and insufficient funds (NSF) those banks collect. The 2016 report , issued by the US Public Interest Research Group (PIRG), analyzed more than 10,000 bank-related customer complain... - Two Unum Lawsuits Filed Within Days of One Another Claim Unfair Denial
Jul-9-17 Los Angeles, CA: Two lawsuits against Unum Group within days of each other both allege unfair denial of disability benefits. The Unum disability insurance lawsuits are yet another reflection of tactics allegedly employed by Unum, and the insurance industry overall, aimed at denying benefits to consumers that are contractually their due. According to... - Consumer and Legal Advocates Concerned About Potential Threats to Class Action Lawsuits
May-23-17 Washington, DC: Consumer advocates see potential storm clouds on the horizon and they are standing-at-the-ready to fight any forthcoming threat that might preclude consumers from using class action suits to pursue justice. For years, the fine print section of contracts, particularly in the financial services industry, has often asked consumers to si... - $165M NovaStar MBS Settlement Gets Preliminarily Approval
Santa Clara, CA: A $165 million settlement has received preliminary approval, potentially ending allegations of securities fraud fraud against Wells Fargo, Deutsche Bank and the Royal Bank of Scotland, for their underwriting of $7.7 billion worth of mortgage-backed securities (MBS) issued by bankrupt subprime lender NovaStar. If granted final cour... - Wells Fargo’s Pursuit of Arbitration a Waste of Resources: Plaintiffs
Apr-24-17 Atlanta, GA: A long-running class action lawsuit alleging banking giant Wells Fargo charged their clients and consumers excessive overdraft fees is attempting to move forward amidst a petition by the plaintiffs that Wells Fargo is not in any position to seek arbitration, as the defendant has tarried too long for arbitration to be appropriate. Wells... - Study Finds That People With Lowest Incomes Pay Most in Bank Overdraft Fees
Apr-11-17 Philadelphia, PA: A recent study has found that the largest percentage of bank overdraft fees are collected from bank customers who earn the lowest incomes. While banks market their overdraft programs as a service, consumers often incur unexpected overdraft fees that exceed the original transaction amount, according to a Dec. 2016 issue brief http:/... - Wells Fargo Urges Judge to Refuse to Certify Hundreds of Employees in Class Action
Mar-6-17 Los Angeles, CA: Wells Fargo on Monday urged a California federal judge to refuse to certify a class of more than 600 home consultants who claim in a California Labor lawsuit that the bank failed to pay them for missed meal breaks. In the class action Nicole Torres et al. v. Wells Fargo Bank NA, Case No. 5:15-cv-02225, US District Court for the C... - New Report Shows 10 Banks Account for 67 Percent of Overdraft Fee Revenue
Feb-28-17 Boston, MA: A recent report revealed that out of more than 600 banks, 10 of those banks accounted for a huge percentage of all reported bank overdraft fees revenue collected through the first three quarters of 2016. According to a December 2016 consumer protection report published by the US Public Interest Research Group (US PIRG), 626 large bank... - Mortgage Lawsuit News and Legal Information
Buying a home is stressful enough, but some financial institutions and other organizations linked to home buying fees are accused of predatory lending practices. Among the alleged practices are charging excessive mortgage fees and closing fees , violating the Truth in Lending Act, abusing force placed insurance, illegally foreclosing on homes, and di... - Comenity Bank TCPA Violations Lawsuit News & Legal Information
The Comenity Bank settled a class action lawsuit in 2014 over allegations it violated the Telephone Consumer Protection Act (TCPA). The Comenity Bank's TCPA class action lawsuit involved more than 4 million people who received automated calls from the bank to their cellphones. The Comenity Bank Settlement was approved for about $8.5 million. Co...