Baron & Budd Investigating Wells Fargo For Forcing Customers to Pay for Unwanted Auto Insurance
By a
A report prepared by the global consulting firm Oliver Wyman reveals that more than 800,000 Wells Fargo customers were charged for auto insurance they did not want or need. The report goes on to state that the expense of this unneeded coverage pushed approximately 274,000 loan holders into delinquency, and resulted in about 25,000 wrongful vehicle repossessions. Some of the customers affected were active duty military service members.
According to the report, Wells Fargo shared borrowers' information with
"Baron & Budd has spent a great deal of time getting to know Wells Fargo while successfully representing hundreds of thousands of clients who were harmed by the bank's various misdeeds," said
In
In addition to the BPO scandal, Wells Fargo has come under fire in recent months for mistakenly releasing clients' private data, requiring employees to work overtime without proper compensation, and trying to avoid lawsuits that hold them accountable by forcing customers into private arbitration.
If you or someone you know obtained a car loan from Wells Fargo and were charged for unnecessary or unwanted auto insurance as a result, you may be entitled to compensation. Please call 866-700-8994 if you would like more information. ABOUT
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