Wells Fargo Bank National Association
Financial Services |
Banks & Credit Unions
101 N Phillips Ave, Sioux Falls, SD 57104
Recent News About Wells Fargo Bank National Association
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Cook County has asked federal judges to rely on a federal appeals court ruling to restore the breadth of its damages claims vs HSBC and Wells Fargo for the harm the county said it suffered from the banks' alleged predatory lending practices.
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A Chicago federal judge has declined to let Wells Fargo off the hook of a junk fax class action lawsuit against the bank and one of its member services credit card processer, saying, even if Wells Fargo had no knowledge of the credit payment company’s decision to send a fax bearing its name, the bank’s name on the fax and business connection to its partner means it could share liability for the unauthorized fax.
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More than 25 years after its passage, a federal telemarketing law hasn’t just created a cottage industry for lawyers – it has spawned a group of professional plaintiffs like Stoops who are armed with several cell phones for the purpose of receiving debt collection calls often intended for other individuals.
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A Salt Lake City-based telemarketing business which uses a Naperville call center to solicit retailers and other merchants to persuade them to hire certain banks to process their debit and credit transactions has been hit with a class action lawsuit from small business owners who allege they and a company whose marketing operations they purchased last year, “surreptitiously recorded” phone conversations in which the business owners divulged financials and other “sensitive” information.
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Cook County’s lawsuits against three of the country’s biggest banks over claims of predatory discriminatory lending targeted at minorities have been put on hold as the U.S. Supreme Court prepares to weigh in on an appeal brought by two of the banks, challenging the ability of local municipal governments, like Cook County, to sue under federal law.
