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General Category => General Discussion => Topic started by: cealkereold on August 12, 2010, 07:42:37 PM



Title: Judge orders Wells Fargo to pay back $203M in fees
Post by: cealkereold on August 12, 2010, 07:42:37 PM
UP TO DATE YORK (AP) -- A federal judge in California ordered Wells Fargo & Co. to difference what he called "unfair and sophistical topic practices" that led customers into paying multiple overdraft fees, and to recompense $203 million back to customers.

In a resolution handed down in Tuesday, U.S. Ward Authority William Alsup accused Wells Fargo of "profiteering" on changing its policies to manipulate checks, debit pasteboard transactions and charge payments from the highest dollar amount to the lowest, fairly than in the sorority the transactions took place. That helped sewer customer bank accounts faster and propel up overdraft fees, a principles Alsup referred to as "gouging and profiteering."
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