March 12, 2024
New Mexico residents who claim Wells Fargo mishandled reports of fraud involving their state-issued debit cards will see their proposed class action claims against the bank sent to arbitration — but their claims against a third-party contractor can stay in court, a federal magistrate judge has determined.
May 23, 2023
Alleged debit card fraud victims have asked a New Mexico federal judge not to send their proposed class action against a Wells Fargo Bank NA contractor to arbitration, saying Wells Fargo's arbitration terms cannot apply to the dispute because the cardholders never signed agreements with the contractor.
May 08, 2023
Wells Fargo is seeking to shed a proposed class action accusing it and a contractor of bungling their response to fraud reports by New Mexico residents who use state-issued debit cards for unemployment insurance, child support and foster care accounts, saying that these customers are bound by arbitration agreements.
March 09, 2023
Wells Fargo was hit with a proposed class action in New Mexico federal court alleging it refused to refund stolen funds from debit cards that were preloaded by the state for unemployment insurance and child support, in violation of the Electronic Fund Transfer Act.