Wells Fargo Wins Lawsuit Involving ‘Unfair’ Overdraft Fees
Wells Fargo & Company (NYSE:WFC) has had an order compelling it to pay customers $230 million in restitution vacated today by a California Judge. The company had been liable for the return of overdraft fees it charged customers, based on what one court found to be unfair businesses practices. The source of the fees was the way in which Wells Fargo & Company (NYSE:WFC) charged debit card purchases to its customers accounts. Starting in 2001, the bank began charging purchases with debit cards to customer accounts starting with the largest. The practice ensured that its customers would be liable for the...
This content is exclusively for paying members of Hedge Fund Alpha
Gain Exclusive Access to the Insider Strategies and Letters to Shareholders from the Top Hedge Funds and Maximize Your Portfolio Growth with Hedge Fund Alpha Get Started Now with a FREE 7-Day Trial🔻If you are a current Hedge Fund Alpha member and are having an account error please clear cache and cookies. If that does not work, email [email protected] or click Chat. |
