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Wells Fargo News

Bank of America, others prevail in class-action suit over consumer privacy

A federal judge in Illinois has ruled that Bank of America and other banks were not in violation of consumer privacy acts and dismissed a class-action suit accusing the bank of improperly distributing the confidential information of homeowners who had borrowed mortgage loans.

Illinois treasurer pulls $30 billion investment business from Wells Fargo due to scandal

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.

Judge: Wells Fargo may have discriminated, but county not able to bring predatory lending suit

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.

Man lodges premises liability complaint after falling concrete allegedly hit him in head

A Cook County man is suing over claims he was injured when a chunk of concrete fell from a building and onto his head.

Wells Fargo sued over allegedly committing fraud and using deceptive business practices


Supreme Court set to release eight opinions Thursday

The Illinois Supreme Court anticipates releasing opinions in the following cases at 9 a.m. on Thursday: