Wells Fargo stuck mortgage borrowers with extra fees, whistle-blower's lawsuit says

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Wells Fargo stuck mortgage borrowers with extra fees, whistle-blower’s lawsuit says

Wells Fargo stuck mortgage borrowers with extra fees, whistle-blower’s lawsuit says

LA TIMES-

As Wells Fargo & Co. continues to be hit with fallout from its sham-accounts scandal, the bank is facing allegations that it put the screws to customers in yet another way: by slapping them with fees for delays in processing mortgage applications.

A former Wells Fargo mortgage banker who worked in Beverly Hills alleged in a lawsuit this week that the bank falsified records so it could blame holdups on borrowers — and that it fired him for trying to report the practice.

The legal action follows a months-long internal investigation into the alleged abusive practices, one that contributed to an executive shake-up in the San Francisco bank’s mortgage business. ProPublica first reported on the alleged improper fees in January.

[LA TIMES]

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One Response to “Wells Fargo stuck mortgage borrowers with extra fees, whistle-blower’s lawsuit says”

  1. “Kareem_Salessi_7-17-17”

    What more do you expect from:
    “Wells Fargo Drug Cartel” & “Wachovia Drug Cartel” which are confessed drug cartels.
    They are not banks, lenders, or any kind of legitimate business. Here is my:
    “– 7-15-11 Uncontested Fed-Court Testimony Against Wachovia Drug CarteL & Wells Fargo Drug Cartel”, in the corrupt Santa Ana Bankruptcy Court, telling the court just that, and the cartel lawyer conceding to the facts what I stated, and the court accpeting it and leting them get away with murders and drug running:

    https://kareemsalessi.files.wordpress.com/2010/06/vorc003.wav

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