November 28, 2016 / 9:46 PM / a year ago

Lawsuit accuses Wells Fargo of violating new mortgage rule

Wells Fargo Bank has been hit with a lawsuit accusing it of refusing requests from Ohio homeowners for information about their home loans, ignoring a Consumer Financial Protection Bureau mortgage servicing rule.

Filed on behalf of Cleveland, Ohio homeowner Rachel Lieber, the proposed class action said Wells Fargo is hiding behind the foreclosure process to deny requests for information, claiming it does not have to respond because it is in active litigation with the homeowners.

To read the full story on WestlawNext Practitioner Insights, click here: bit.ly/2gcild6

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