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Audit Notes: Wells Bells, Nontaxpayers, Facebook Apps and Privacy

The Huffington Post reports that Elizabeth Magner, a federal judge in Louisiana, hit Wells Fargo with $3.1 million in punitive damages for gouging a New Orleans man for $24,000 in illegal fees on his mortgage, and then putting the full weight of its legal resources on him to discourage a lawsuit (emphasis mine) In the most recent opinion, Magner...
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Wells Fargo Jury Decides Against Punitive Damages

Business & Finance : DealBook

A jury decided not to impose punitive damages against Wells Fargo on Thursday, a day after those jurors awarded $29.9 million to four nonprofits after finding the bank had breached its fiduciary duty and engaged in fraud.

Wells Fargo Ordered To Pay Homeowner $3.1 Million For "Reprehensible" Mortgage Servicing

Lifestyle / Shopping : The Consumerist

While mortgage servicers are getting their hats handed to them on a collective basis, a federal judge is taking issue with Wells Fargo over their dealings with a single homeowner, to the tune of $3.1 million in punitive damages. The...

Federal Judge Magner: Wells Fargo's Behavior "Highly Reprehensible"

Business & Finance / Mortgage & Banking : Mortgage Lender Implode-O-Meter

At the beginning of April of this year, Judge Elizabeth Magner, a federal bankruptcy judge in the Eastern District of Louisiana, characterized Wells Fargo's behavior as being "highly reprehensible." Think about that for a moment. Th...

Wells Fargo Slapped With $3.1 Million Fine For 'Reprehensible' Handling Of One Mortgage

Business & Finance / Mortgage & Banking : Mortgage Lender Implode-O-Meter

In a scathing opinion issued last week, Elizabeth Magner, a federal bankruptcy judge in the Eastern District of Louisiana, characterized as "highly reprehensible" Wells Fargo's behavior over more than five years of litigation with a...

Audit Notes: Overdraft Profiteering, Why the Complacency, ExecuLie Detector

Media / Media Industry News : Columbia Journalism Review

The Associated Press reports that a federal judge has slammed too-big-to-fail bank Wells Fargo for "gouging and profiteering" via overdrafts. It's going to cost Wells $200 million. In a decision handed down late Tuesday, U.S. Distri...

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