The state of Illinois has joined the public retribution against Wells Fargo as the bank deals with the aftermath of its admission that employees opened accounts without customers’ authorization, and that could send a warning to other financial institutions, as it potentially harms the bank's future business prospects.
Part-time clerk or not, man must face arbitration over accusations he stole data before leaving UBS for competitor, judge says
A Chicago federal judge has refused to halt arbitration proceedings brought by investment firm UBS Financial Services against a former clerk, whom UBS has alleged helped steal company information with which to lure away customers. Alexander Freund worked as a part-time clerk for UBS in Chicago from Nov. 7, 2011, to Feb. 15, 2012, when he left to work for Wells Fargo.
Arlington Heights man, New Jersey lawyer bring federal class action vs Wells Fargo over unwanted calls, texts
An Arlington Heights man has filed a class action lawsuit against Wells Fargo Bank, saying that the bank has repeatedly harassed him with unwanted automated phone calls and text messages. Plaintiff Ethan Jones filed suit Sept. 22 in federal court in Chicago, alleging he has received numerous unwanted calls and text messages on his cell phone from Wells Fargo’s automated phone system.
A federal judge has refused to rule Wells Fargo did not engage in lending practices blamed for allegedly exacerbating a plague of home mortgage foreclosures among minority homebuyers. But the judge still has tossed a lawsuit brought against the lender by Cook County over the bank’s alleged predatory lending practices.
A Cook County man is suing over claims he was injured when a chunk of concrete fell from a building and onto his head.