Wells Fargo bogus accounts balloon to 3.5 million: lawyers

by Fraud Stoppers Admin | May 13, 2017 | Foreclosure Defense News, Tactics, and Tips

Wells Fargo bogus accounts balloon to 3.5 million: lawyers Wells Fargo & Co may have opened as many as 3.5 million unauthorized customer accounts, far more than previously estimated, according to lawyers seeking approval of a $142 million settlement over the...

The damning 2004 report that Wells Fargo chose to ignore

by Fraud Stoppers Admin | Apr 13, 2017 | Foreclosure Defense News, Tactics, and Tips

September 13, 2007 John Stumpf Wells Fargo Company 420 Montgomery St San Francisco CA 94301 Dear Sir, I sincerely regret the circumstances under which I am corresponding, Nine months ago, I reported unethical (and illegal) activity to Wells Fargo Regional Bank,...

City of Missoula to pull $2.6M from Wells Fargo accounts

by Fraud Stoppers Admin | Apr 6, 2017 | Foreclosure Defense News, Tactics, and Tips

MISSOULA, Mont. (AP) — The Missoula City Commission has voted to pull $2.6 million of the city’s money from Wells Fargo accounts because the bank is invested in the Dakota Access Pipeline and because employees opened fraudulent customer accounts to generate fees and...

Wells Fargo reaches $110 million class action settlement over fake accounts

by Fraud Stoppers Admin | Mar 30, 2017 | Foreclosure Defense News, Tactics, and Tips

Which is peanuts.. Earlier Tuesday, Wells Fargo announced that its Community Reinvestment Act rating is being downgraded by the Office of the Comptroller of the Currency, due in part to the bank’s fake account scandal that led to a $185 million fine from the Consumer...

Florida woman files class action against Wells Fargo for ‘phony’ accounts

by Fraud Stoppers Admin | Nov 24, 2016 | Foreclosure Defense News, Tactics, and Tips

A Florida woman launched a class-action lawsuit against Wells Fargo Bank after employees created millions of fraudulent accounts nationwide. Brandon resident Nadine Stanton is suing on behalf of herself and others affected by the fraudulent accounts created by...