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, where Wells Fargo paid $185 million). Wells Fargo charged people for services they did not request and created 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.
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.
*Important Note from Diane: Everything on this web site is offered for educational purposes only and not intended to provide legal advice, nor create an attorney client relationship between you, me, or the author of any article. Information in this web site should not be used as a substitute for competent legal advice from an attorney familiar with your personal circumstances and licensed to practice law in your state. Make sure to check out their reviews.*
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