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On April 5, 2012, a federal judge ordered Wells Fargo to pay $3.1 million in punitive damages over a single loan, one of the largest fines for a bank ever for mortgaging service misconduct, after the bank improperly charged Michael Jones, a New Orleans homeowner, with $24,000 in mortgage fees, after the bank misallocated payments to interest ...
Wells Fargo Auto Loan Holders. This provision applies to those with auto loans where payments were “not applied correctly” and might have resulted in higher interest or late fees, as well as ...
FILE - A Wells Fargo sign stands in front of a branch of the bank in Bradenton, Fla., Tuesday, Feb. 22, 2022. Consumer banking giant Wells Fargo is being ordered to pay $3.7 billion in fines and ...
Student loans: Wells Fargo can assist you with settling college tuition and other educational payments. Auto loans: Wells Fargo provides vehicle financing with 11,000 car dealers within the U.S ...
Mortgage servicer. A mortgage servicer is a company to which some borrowers pay their mortgage loan payments and which performs other services in connection with mortgages and mortgage-backed securities. The mortgage servicer may be the entity that originated the mortgage, or it may have purchased the mortgage servicing rights from the original ...
The Wells Fargo cross-selling scandal was caused by creation of millions of fraudulent savings and checking accounts on behalf of Wells Fargo clients without their consent or knowledge due to aggressive internal sales goals at Wells Fargo. News of the fraud became widely known in late 2016 after various regulatory bodies, including the Consumer ...
Wells Fargo & Co will pay $81.6 million to homeowners for denying them a chance to challenge mortgage payment increases imposed during their bankruptcy proceedings, the U.S. Justice Department ...
Wells Fargo to Help Customers Facing Mortgage Payment Challenges at Home Preservation Workshops in Nine Cities Customers can meet one-on-one with home preservation specialists to seek options such ...