money 01Settlement approved: Wells Fargo customers will get $50 million for overcharged mortgage fees

 

This is a housingwire.com article.

 

Borrowers who had a mortgage serviced by Wells Fargo between May 6, 2005 and July 1, 2010 will soon receive their share of a $50 million settlement stemming from allegations that Wells Fargo overcharged borrowers for Broker Price Opinions during that period.

The settlement, which was initially announced in October, stems from a class action lawsuit against Wells Fargo that claimed that the bank violated the law by charging borrowers more than the amount Wells Fargo paid for BPOs.

Continue reading article.

PiggyBankBlog Courtroom Bailiff: “All Rise! The Honorable Wells Fargo Whistleblower Elizabeth Jacobson has entered the Courtroom of Public Opinion in recent Radio Interview!”