November 30, 2017 / 9:27 PM / 15 days ago

Judge defers ruling on arbitration of Utah accounts lawsuit

Wells Fargo’s chief executive may have waived the bank’s right to compel arbitration of a lawsuit over its practice of opening unauthorized accounts, but more information is needed before the issue can be decided, a judge in Utah federal court ruled.

In a decision on Wednesday, U.S. District Judge Clark Waddoups said he will hold a summary, or abbreviated, trial to decide that issue and other questions surrounding arbitration provisions in account agreements between Wells Fargo and its customers.

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