Wells Fargo Settles Pick-A-Payment Suit For $50M
The plaintiffs filed a motion Friday in the U.S. District Court for the Northern District of California seeking conditional certification of the class and approval of the settlement.
Pick-a-payment loans allow borrowers to make payments that are less than the interest due. The suit, filed in 2007, alleged that the loans were unlawfully deceptive...
To view the full article, register now.