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Wells Fargo Facing Penalties Over Ignoring Student Loan Included in Bankruptcy

One of our very own student loan attorneys, Austin Smith, recently scored an important victory on a Wells Fargo student loan. Austin said, “I confess when we filed this case, I was hoping Wells Fargo would quickly see that we were right, acknowledge the mistake, and fix it. And naively, I thought they might be … Read more

Wells Fargo Bank Gets Nabbed and Then Delays Solving Problem

Much has been said in recent days about Wells Fargo Bank getting nabbed for opening bogus accounts. The Consumer Financial Protection Bureau (CFPB) said, “The Bank’s employees secretly opened accounts and shifted funds from consumers’ existing accounts into these new accounts without their knowledge or permission to do so, often racking up fees or other … Read more

U.S. Attorney Charges Wells Fargo With Mortgage Fraud

A loyal reader sent in a tip about a recent suit by the Manhattan U.S. Attorney against Wells Fargo Bank over mortgage fraud. Preet Bharara, the United States Attorney for the Southern District of New York, Helen Kanovsky, General Counsel of the U.S. Department of Housing and Urban Development (“HUD”), and David A. Montoya, Inspector … Read more

Consumer Has Money Taken Out of Her Account Without Permission. Wells Fargo Blames Her.

It has long been held that if a consumer notices a fraudulent transfer out of an account that they should notify the bank immediately. U.S. banks have typically been good about protecting the consumer. UK banks on the other hand have seemed to tend to blame the victim. In a turn of at least one … Read more

Some Arizona Residents Win $154 Million in Mortgage Relief

Yesterday Arizona announced a big victory for 8,715 residents in eight states and residents will actually help to reduce the total amount they owe on their mortgages. Here is the official release. Attorney General Terry Goddard yesterday announced a multi-state agreement with Wells Fargo Bank (“Wells Fargo”) over allegedly deceptive marketing of payment option adjustable … Read more

Worst Banks for Loan Modifications

Here is a list of the banks with the worst record for canceling loan modification requests. PNC Mortgage – 47.2% Aurora Loan Service – 46.8% CitiMortgage – 42.1% Saxon Mortgage Services – 40.8% Select Portfolio Servicing – 38.6% Wells Fargo Bank – 35.1% Worst banks for expired trial loan modifications without an answer. JPMorgan Chase … Read more