July 10, 2014
The Fourth Circuit on Thursday halted a class action accusing Wells Fargo Bank NA of a mortgage referral kickback scheme, upholding a lower court ruling that plaintiffs couldn't prove charges from mortgage lenders for work performed qualify as illegal finder's fees under Maryland state law.
June 20, 2013
A Maryland federal judge on Thursday dismissed a class action accusing Wells Fargo Bank NA of a mortgage referral kickback scheme, saying the plaintiffs couldn't prove that charges for work performed qualify as illegal finder's fees under Maryland state law.
February 15, 2013
A Maryland federal judge on Thursday dismissed conspiracy claims against Wells Fargo Bank NA and other defendants in a pair of class actions claiming they created a front organization to funnel mortgage referrals to the bank in exchange for kickbacks, saying the claims were barred by law.