Archive for the ‘Financial Harms’ Category

Bank Customers Hurt by Unauthorized Accounts

Tuesday, April 10th, 2018

The numbers are staggering.  As reported in the USA Today recently, 2.1 million unauthorized Wells Fargo accounts (e.g., checking accounts savings accounts, credit cards, or other “products”) have now been identified.  If a customer’s credit score dropped due to one of these fake accounts, that consumer may be eligible to recover compensation under a $142 Million Dollar settlement approved by a California court.

How many more innocent bank customers have been negatively impacted?