November 18, 2016
Wells Fargo & Co. agreed to pay $880,000 to settle with a class of mortgage borrowers in a Truth in Lending Act action in California, ending claims the lender failed to disclose property insurance proceeds that might've been available to pay off the loans, according to an order filed Friday.
July 28, 2016
Mortgage borrowers who say Wells Fargo failed to disclose property insurance proceeds that might've been available to pay off their loans told a California federal court Wednesday that the bank is employing a "scorched-earth" litigation strategy and is seeking to delay the class action at every turn.
June 22, 2016
A California judge Wednesday certified two mortgage borrower classes accusing Wells Fargo Bank of failing to disclose any property insurance proceeds that might be available to pay off their loans, calling the bank's attempt to "downplay" the harm done by inaccurate payoff statements "unconvincing."
October 29, 2015
A California federal judge on Thursday refused to toss a proposed class action accusing Wells Fargo Bank NA of failing to tell mortgage borrowers about any property insurance proceeds that could be used to pay off their loans, saying the bank should have informed borrowers about the option.