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Wells Fargo Faces Lawsuit Alleging Fraud Over Unwanted Car Insurance Sales

The case is Hancock v Wells Fargo & Co et al, U.S. District Court, Northern District of California, No.
The proposed class action filed on Sunday in San Francisco federal court deepens the fallout from the latest bad practice uncovered at Wells Fargo.
Wells Fargo said it halted the charges last September after customers expressed “concerns.”But according to the lawsuit, refunds to defrauded customers are not enough.
“Wells Fargo has long lost the right to decide what is best for its customers,” Roland Tellis, a lawyer for the plaintiffs, said in an interview.
A new lawsuit accuses Wells Fargo & Co. of racketeering violations and fraud after the bank admitted to charging several hundred thousand borrowers for auto insurance they did not ask for or need, causing many delinquencies.

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The way Is My Car Insurance So High?

Why Is My Car Insurance So High?

You’ve got to consider parking fees, smog checks, regular maintenance, registration costs, inspections, and worst of all, car insurance premiums.
Your insurance costs could be high for a lot of reasons — some of which might be out of your control, while others might be fixable.
Yep, even something seemingly unrelated, such as making a move to a new location, can cause your car insurance premium to go up.
If you look at your car insurance bill and shake your head each month, you’re not alone.
There are many other factors involved in determining how your car’s make and model will affect your insurance costs.

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Wells Fargo Sued Over Car Insurance Added To Loans

Wells Fargo Sued Over Car Insurance Added To LoansLaw360, New York (July 31, 2017, 9:00 PM EDT) — Wells Fargo & Co. is being sued over unneeded auto insurance coverage it allegedly added to car loan bills, with a proposed class of borrowers telling a California judge on Sunday that the bank ran a racketeering enterprise.
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Just days after the bank announced an $80 million repayment program for 570,000 customers it wrongly charged for collateral protection insurance, or CPI, Paul Hancock of Indianapolis filed suit in the Northern District of California on behalf of himself and what he says are actually some 800,000 others.

collected by :Olivia Mathio
car insurance

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