Wells Fargo Wrongly Charged Attorneys' Fees, $5M Suit Says

Law360, New York (May 22, 2014, 8:24 PM EDT) -- Wells Fargo Bank NA was hit with a proposed class action in California federal court Wednesday accusing the bank of charging mortgage borrowers more than $5 million combined in attorneys’ fees for legal services in bankruptcy proceedings in breach of their contracts.

Named plaintiffs Roger A. Meyman and Kari L. Pickering brought the suit on behalf of a class of Wells Fargo Home Mortgage borrowers who were assessed attorneys' fees after defaulting on their home loans and filing for bankruptcy in order to catch up with...
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.