Law360, New York (May 04, 2012, 5:44 PM ET) -- Wells Fargo Bank NA breached a deal to sell overdrafted bank accounts to collection agency United Credit Recovery LLC by shopping for other offers after an agreement was signed, according to a lawsuit removed to Florida federal court Thursday.
The suit, filed in Florida state court in April, claims Wells Fargo offered the accounts — known as receivables — for sale to other vendors in breach of UCR's contractual right of first refusal. The suit seeks injunctive relief that would prevent the bank from selling the...
Wells Fargo Broke Deal To Sell Checking Accounts, Suit Says
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