18
Aug 2010
A judge is ordering Wells Fargo Bank to pay customers $203 million for overdraft fees.
According to reports, the bank has been manipulating accounts to make customers pay for unwarranted overdraft fees.
The bank has been in some trouble for its deceptive practices for years, including accused loan
discrimination against Blacks.
San Francisco U.S. District Judge William Alsup has also ordered the bank stop its deceptive practice of charging excess overdraft fees.
Wells Fargo will appeal the ruling.
The case is Gutierrez v. Wells Fargo
07-05923, U.S. District Court, Northern District of California (San Francisco).
Category: Daily Commentary, NEWS, POLITICS
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