Dec
06
Wells Fargo Killing Sham Account Suits by Using Arbitration
By
Jennifer Zeleny is suing Wells Fargo in federal court in Utah, along with about 80 other customers, over unauthorized accounts. CreditKim Raff for The New York Times
In congressional hearing rooms and on national television, Wells Fargo has vowed to make things right for the thousands of customers who were given sham accounts.
The bank’s new chief executive, Timothy J. Sloan, in his first week on the job, said his “immediate and highest priority is to restore trust in Wells Fargo.”
But in federal and state courtrooms across the country, Wells Fargo is taking a different tack…
Wells Fargo Killing Sham Account Suits by Using Arbitration
