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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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See more about: Wells Fargo

Wells Fargo Jury Decides Against Punitive Damages

Business & Finance : DealBook (5 years ago)

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. Read Post

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

Media / Media Industry News : Columbia Journalism Review (4 years ago)

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... Read Post

Wells Fargo Fined $203M for Gouging

Business & Finance : Business from Newser (4 years ago)

Wells Fargo is guilty of gouging and profiteering and needs to return $203 million in overdraft fees to customers, a San Francisco judge ruled yesterday. The bank's practice of processing transactions from the largest to the smalles... Read Post


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