June 3, 2019 / 10:07 PM / 3 months ago

Judge tosses lawsuit over Wells Fargo credit-card program

A federal judge in California has dismissed a proposed class action accusing Wells Fargo of encouraging retailers nationwide to charge hidden financing fees to customers using a credit-card program the bank created, ruling that the lawsuit is untimely.

In a decision on Friday, U.S. District Judge Yvonne Gonzalez Rogers in Oakland said the named plaintiff, J Edwards Jewelry Distributing of El Paso, knew about alleged problems with the financing program by October 2012 and thus its June 2018 lawsuit was barred by a four-year statute of limitations for its single claim for violations of the California Unfair Competition Law (UCL).

To read the full story on WestlawNext Practitioner Insights, click here: bit.ly/2JT0Ded

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