Did Wells Fargo Illegally Repo Cars From El Paso’s Military?
They're facing huge fines over their dealings with military customers. If you're an El Paso area service member who's had your car seized by them, read this!
Wells Fargo were recently involved in millions of scams involving fake bank and credit card accounts. Now, it appears, they have been illegally repossessing vehicles from American military members.
According to an AOL.com article:
The company will pay more than $24 million in fines for improperly repossessing cars owned by U.S. military members. The Justice Department announced Thursday that Wells Fargo had agreed to pay over $4.1 million to settle allegations that it repossessed 413 cars without getting a court order first. The bank was fined another $20 million by the Office of the Comptroller of the Currency for the same thing.
On top of the $24 million in fines, Wells Fargo is also facing a ton of lawsuits from customers, shareholders and even former employees. A DOJ investigation found that these violations stretched as far as 7 years back.