Published On: August 25, 2019
Wells Fargo Caught in Illegal Actions AGAIN, this time Against Members of the Navajo Nation
“Wells Fargo’s predatory actions defrauded and harmed the Nation. We held Wells Fargo accountable for their actions and we will continue to hold other companies accountable if their business practices do not respect our people—this puts other companies on notice that harmful business practices against the Navajo people will not be tolerated,” Navajo Nation president Jonathan Nez said in a statement Thursday.
The complaint detailed a long pattern of misconduct by Wells Fargo
Wells Fargo fraudulently opened Navajo Nation accounts (see the same in the 2015 scandal – were Wells Fargo paid $185 million). Wells Fargo charged people for services they did not request and creating fake accounts. In 2018, Wells Fargo reached a $575 million settlement with U.S. states and the District of Columbia.
When will this stop?
Wells Fargo ripped off veterans.
Wells Fargo ripped off students.
Wells Fargo and illegal mortgage kickbacks.
Wells Fargo grilled by Senate for financial scandals
Wells Fargo to pay $385 million for illegal acts.
It seems the only group missing from this list are orphans, but we probably have not found that yet. After all who speaks out for orphans?
MUSINGS FROM DIANE:
I have to ask – how many of you believe the bank’s excuses? Personally, I think Wells Fargo believes no regulator can reach them and that it can bully anyone – consumer or politician. It has gotten away with this type of behavior for so many decades that it was certain no one could touch them.About the Author: Diane Drain
Diane is a well respected Arizona bankruptcy and foreclosure attorney. As a retired law professor, she believes in offering everyone, not just her clients, advice about bankruptcy and Arizona foreclosure laws. Diane is also a mentor to hundreds of Arizona attorneys.
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You and Jay are the best attorneys I have ever had or needed and thank God for the Honorable Robert Gottsfield in recommending you folks – I would have never made it through the entire process without you and Jay and God Bless you both always and stay in touch as well. You folks are the BEST OF THE BEST in Arizona.
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