If anyone thinks that customers should be barred from filing class action suits against banks & credit card companies, one should simply look to that article to see a great example why class action suits against banks should be allowed.
Did I read that Wells Fargo was divesting themselves from the insurance business and financial services? Wells Fargo has proven to be a thug outfit along the mold of AIG.
Read it either in Property Casualty, but could have been on IJ. Interesting that I met a young man at an agent outing and he was with Wells Fargo Financial Services and he was apprehensive about their problems, but said he was in a different division. My guess is since then, he may be looking for another job.
Banks not involved in the Sub prime mortgage mess should not fear class action suits. Wells Fargo was one that was bailed out and now they have these fake accounts fiasco. Don’t know how they will be able to add any new legitimate accounts because of the publicity.
I find it ‘funny’ the article directly below this one is “Wells Fargo Nears $142 Million Consumer Settlement Over Fake Accounts”
http://www.insurancejournal.com/news/national/2017/07/11/457192.htm
If anyone thinks that customers should be barred from filing class action suits against banks & credit card companies, one should simply look to that article to see a great example why class action suits against banks should be allowed.
Did I read that Wells Fargo was divesting themselves from the insurance business and financial services? Wells Fargo has proven to be a thug outfit along the mold of AIG.
I don’t know. Did you read it?
Read it either in Property Casualty, but could have been on IJ. Interesting that I met a young man at an agent outing and he was with Wells Fargo Financial Services and he was apprehensive about their problems, but said he was in a different division. My guess is since then, he may be looking for another job.
Banks not involved in the Sub prime mortgage mess should not fear class action suits. Wells Fargo was one that was bailed out and now they have these fake accounts fiasco. Don’t know how they will be able to add any new legitimate accounts because of the publicity.