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In re Wells Fargo Forbearance Litigation
Case Number:
3:20-cv-06009
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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May 03, 2023
Wells Fargo Beats Some Claims In Calif. Forbearance Suit
A California federal judge trimmed a consolidated suit against Wells Fargo that alleges the bank sent borrower mortgages into forbearance without permission during the COVID-19 pandemic, ruling that the plaintiffs did not adequately plead several of their allegations, including RICO, and unjust enrichment claims.
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March 16, 2023
Judge Pauses Wells Fargo Forbearance Suit Amid $94M Deal
An Ohio federal judge is holding off on approving a $94 million deal resolving class claims that Wells Fargo Bank NA improperly sent the mortgages of struggling borrowers into forbearance during the COVID-19 pandemic, reasoning that litigation with the same allegations in California needs to be resolved first.
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August 27, 2020
Borrowers Say Wells Fargo Misused Virus Forbearance Policy
Wells Fargo has been sued over claims that, as the nation scrambled to react to the COVID-19 pandemic, the bank automatically put struggling borrowers' mortgages in forbearance without their explicit permission, hurting those whose credit reports reflected the forbearance as they sought other financial services amid the economic downturn.