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Wells Fargo Uses Arbitration Clauses to Escape Lawsuits For Creating Thousands of Fake Bank Accounts
16 Dec 2016, 11:03 am
On the surface, Wells Fargo seems to be working toward redemption. [read post]
15 Dec 2016, 9:30 pm
Wells Fargo now must “file a revised submission addressing the remaining deficiencies by March 31, 2017. [read post]
13 Dec 2016, 3:31 pm
After the Wells Fargo scandal earlier this year in which the company admitted that its bankers created millions of fraudulent accounts, Wells Fargo is once again in the public eye for its attempt to stay out of courts by forcing the customers of these fraudulent accounts into closed door arbitration agreements. [read post]
13 Dec 2016, 3:31 pm
After the Wells Fargo scandal earlier this year in which the company admitted that its bankers created millions of fraudulent accounts, Wells Fargo is once again in the public eye for its attempt to stay out of courts by forcing the customers of these fraudulent accounts into closed door arbitration agreements. [read post]
9 Dec 2016, 2:21 am
Consider what Wells Fargo & Co. [read post]
7 Dec 2016, 3:30 am
The recent Wells Fargo calamity of opening customer accounts without permission underscores how financial incentives can promote unethical behavior by employees on the front line of servicing customers. [read post]
6 Dec 2016, 11:50 am
Outstanding New York Times exposé:Wells Fargo’s legal success shows the overwhelming power that arbitration clauses have in shaping disputes between everyday Americans and huge corporations.Since a pair of Supreme Court rulings in 2011 and 2013 allowed for the widespread use of arbitration, companies have had great success enforcing these clauses. [read post]
6 Dec 2016, 11:47 am
That is why, for example, Wells Fargo is trying hard to force claims against it for creating sham accounts into arbitration, instead of facing the wrath of juries. [read post]
2 Dec 2016, 3:58 pm
Midtown Fatal Crash I’m Ed Smith, a Sacramento auto accident attorney. [read post]
2 Dec 2016, 10:24 am
But the CFPB made clear in its warning to companies that its concerns over sales practices go beyond situations similar to Wells Fargo’s fake account scandal. [read post]
2 Dec 2016, 10:24 am
But the CFPB made clear in its warning to companies that its concerns over sales practices go beyond situations similar to Wells Fargo’s fake account scandal. [read post]
30 Nov 2016, 12:49 pm
Wells Fargo, No. 2:16-cv-00966-CW-DBP (D. [read post]
29 Nov 2016, 2:43 pm
Wells Fargo still doesn’t get it. [read post]
21 Nov 2016, 9:53 am
The alleged scheme is similar to what we saw with the recent Wells Fargo bank scandal, in which bank employees were put under enormous pressure to meet unrealistic sales goals, driving a huge number of them to unwittingly sign up customers for new accounts they never asked for or approved. [read post]
21 Nov 2016, 9:53 am
The alleged scheme is similar to what we saw with the recent Wells Fargo bank scandal, in which bank employees were put under enormous pressure to meet unrealistic sales goals, driving a huge number of them to unwittingly sign up customers for new accounts they never asked for or approved. [read post]
20 Nov 2016, 5:17 pm
Coffee cites the Wells Fargo clawback provisions as “a model,” and indeed the clawback provisions did allow Wells Fargo to recoup compensation paid to company executives who presided over programs that harmed the company and damaged its reputation. [read post]
19 Nov 2016, 9:30 am
Just this year the CFPB has settled large disputes with Wells Fargo for opening bank accounts that nobody wanted and large debt collectors such as Midland Funding and Portfolio Recovery for unscrupulous debt collection practices. [read post]
15 Nov 2016, 7:23 am
” Wells Fargo Bank, N.A. v. [read post]
15 Nov 2016, 7:23 am
” Wells Fargo Bank, N.A. v. [read post]
11 Nov 2016, 10:02 am
This company buys debts for pennies on the dollar from legitimate banks such as Wells Fargo, Citi Bank or Chase who have determined that it will cost them more money to try and collect on the debt themselves rather than sell your debt to a third party debt collector such as Portfolio Recovery Associates. [read post]
