Summary: The CFPB fined Wells Fargo hundreds of millions more for fraud within their Mortgage Division. The division wrongfully charged customers fees to extend...
Racial Discrimination in Lending and Banking
Summary: Wells Fargo paid $175 million to settle a lawsuit brought by the Justice Department and the Office of the Comptroller of the Currency...
Financial Abuse of Service Members
Summary: In 2015 the OCC made WF pay $28 million to members of the armed forces to settle allegations that the bank improperly foreclosed...
Stealth Mortgage Modifications
Summary: Wells Fargo mortgage division engaged in a routine practice of “stealth” mortgage modifications to sneak through changes to unsuspecting homeowners in bankruptcy without...
Improper Mortgage Foreclosures, Modification Denials
Summary: 545 customers who lost their homes when the bank incorrectly denied 870 loan modification requests due to “calculation errors” and “computer glitches.” Insultingly,...
FHA Loan Scam
Summary: On October 9, 2012, the US Federal Government sued the bank under the False Claims Act at the federal court in Manhattan, New...
Delays to Mortgage Modifications
Summary: In May 2013, the New York attorney-general, Eric Schneiderman, announced a lawsuit against Wells Fargo over alleged violations of the national mortgage settlement,...
Mortgage Appraisal Overcharges
Summary: In November 2016, Wells Fargo agreed to pay US$50 million to settle a racketeering lawsuit in which the bank was accused of overcharging...