News
Wells Fargo agrees to $50 million settlement over homeowner fees
November 1, 2016 by elegant · Leave a Comment
Wells Fargo & Co has agreed to pay $50 million to settle a racketeering lawsuit accusing it of overcharging hundreds of thousands of homeowners for appraisals ordered after they defaulted on their mortgage loans. The proposed settlement, which requires court approval, was disclosed in a filing on Friday in an Oakland, California federal court. Wells Fargo's settlement of the lawsuit comes as the bank is still recoiling from a scandal over sales targets that drove employees
Originally posted here:
Wells Fargo agrees to $50 million settlement over homeowner fees