Wells Fargo Too Late To Arbitrate Overdraft Fight, Class Says

By Evan Weinberger (March 30, 2017, 2:13 PM EDT) -- Plaintiffs battling Wells Fargo & Co. in a long-running class action over allegedly deceptive overdraft practices on Wednesday told the Eleventh Circuit that the bank missed its chance to order thousands of class members into arbitration.

The plaintiffs said in a briefing paper filed in advance of oral arguments in the case that Wells Fargo's bid to take thousands of class members to arbitration over the claims regarding improper overdraft practices, even after being refused the ability to take the named plaintiffs in the litigation to the out-of-court resolution process, came far too late in the litigation. The move would be...

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