Wells Fargo customers file another class action alleging they were overcharged for rate-lock extensions

Posted on: October 12th, 2017 by Steve Larson
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Wells Fargo has been sued again, this time the complaint alleges that it bilked home loan borrowers by charging them extra fees when their applications were delayed — even when it was the bank’s fault. The new suit is the latest development in a growing controversy over the practices of the bank’s home loan unit and one of several new problems that have emerged at Wells Fargo over the last year in the wake of the bank’s sham-accounts scandal. An investigation has led to the departure of leading sales executives in California and Oregon.

For a link to an article discussing the Wells Fargo problems in more detail, click here.