Wells Fargo must face litigation on billions of dollars defective mortgages: U.S. judge

Wells Fargo must face litigation on defective mortgages: U.S. judge

A federal judge on Thursday said Wells Fargo & Co must face litigation seeking to hold it responsible for billions of dollars of claimed investor losses stemming from its alleged failures as a trustee overseeing risky residential mortgage-backed securities.

 

Wells Fargo to pay $110 million to settle lawsuit over account abuses

Wells Fargo & Co said it agreed to pay $110 million to settle a lawsuit by customers challenging its opening of accounts without their permission, a practice that led to a scandal that cost the bank’s chief executive his job.

Advertisements

About Educational CyberPlayGround, Inc.®

Educational CyberPlayGround, Inc. strives to help Teachers, Parents, and Policy Makers Learn about: Music, Teaching, Internet, Technology, Literacy, Arts and Linguistics in the K12 classroom.
This entry was posted in NetHappenings. Bookmark the permalink.

What do you think?

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s