July 07, 2023
An Ohio federal judge was urged by plaintiffs in a California lawsuit against Wells Fargo to continue halting proceedings on a $94 million deal settling claims the bank improperly sent mortgages of struggling borrowers into forbearance during the COVID-19 pandemic, arguing ongoing similar litigation may risk contradictory outcomes for plaintiffs.
March 16, 2023
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.
September 13, 2022
Wells Fargo reached a $94 million settlement in a class action accusing the lender of sending the mortgages of struggling borrowers into forbearance, damaging their credit during the COVID-19 pandemic.