Wells Fargo Hit With Mortgage Penalties Class Action

Law360, New York (February 25, 2013, 7:19 PM EST) -- Wells Fargo & Co. has been hit with a putative class action accusing the bank of assessing undue penalties and fees to mortgage customers who have filed for bankruptcy, even if they later withdrew their bankruptcy petitions or had them dismissed.

Mark and Suzanne Guralnick filed the suit in New Jersey state court Feb. 19 on behalf of themselves and all New Jersey homeowners with mortgages through Wells Fargo who filed petitions for bankruptcy and then terminated their bankruptcy proceedings. They say Wells Fargo violated the...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.