February 19, 2019 / 10:07 PM / 10 months ago

Homeowners sue Wells Fargo over glitch that led to foreclosures

Wells Fargo has been hit with a proposed class action accusing it of violating numerous federal and state laws by foreclosing on hundreds of homeowners who were mistakenly denied mortgage relief because of a computer glitch the bank disclosed last year.

Filed on Friday in a Washington state federal court, the lawsuit said the bank offered some compensation to affected homeowners but did not adequately pay them for going through “the nightmare” of foreclosure.

To read the full story on WestlawNext Practitioner Insights, click here: bit.ly/2Nmbnkl

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