Also named as a defendant in the lawsuit is Early Warning Services, a fintech company based in Scottsdale, Arizona, that operates Zelle. EWS is owned by seven U.S. banks, including JPMorgan, Wells Fargo and Bank of America. Those three banks are the largest financial institutions on...
Wells Fargo & CompanyWFCis facing a class action lawsuit alleging that it mismanaged its employee health insurance plan, forcing thousands of U.S.-based employees to overpay for prescription medications. The proposed class action was filed in Minnesota federal court, claiming that the bank violated...
Lawsuit Accuses Wells Fargo Of Discriminating Against Women And Minorities For Over A Decade To Maximize ProfitsJonathan Stempel
Wells Fargo, one of the largest banks in the United States is facing a lawsuit from its Hispanic employees that accuses the centuries old bank of engaging in predatory lending practices against customers of the same ethnic origin. The lawsuit, filed June 30 in a Texas federal court, accuses ...
A federal judge who dismissed an earlier version of a shareholder lawsuit said the bank must face legal action over sham hiring practices intended to address diversity concerns. BY REUTERS JUL 30, 2024 Wells Fargo bank branch in New York City.. Illustration: Inc; Photo: Getty ImagesA U.S. ...
Early Warning Services LLC, the operator of Zelle, is also named as a defendant in the lawsuit. The Consumer Financial Protection Bureau says Early Warning Services and the three of Zelle’s owner banks – JPMorgan Chase, Wells Fargo and Bank of America – rushed the network to market to ...
Wells Fargo has reached an agreement to pay $185 million to resolve a proposed class action lawsuit that accused the bank of placing customers' mortgages into forbearance without their consent during the initial phase of the COVID-19 pandemic. The court granted preliminary approval for the Wells...
A federal judge on Friday dismissed class-action claims that Wells Fargo & Co, the fourth-largest U.S. bank, misled or defrauded shareholders about its commercial loans, Reuters reported. U.S. District Judge William Alsup in San Francisco, CA, said share
摘要: An excerpt concerning the plan of Wells Fargo and Co. to pay 148 million dollars to various federal authorities in the U.S. to settle the bid rigging and illegal practices charges of Wachovia Corp., which was published in "CNNMoney," is presented....
The allegations center on Wells Fargo’s “Community Calculator,” an online search tool designed to help prospective home buyers shop for suitable neighborhoods. The problem, according to an amendment to a civil lawsuit in Dallas federal court, is that San Francisco-based Wells uses racial descrip...