
Wells Fargo’s Overdraft Fees
Allegations: Misrepresenting when consumers will be charged overdraft fees
In February 2017, a class-action lawsuit was filed against Wells Fargo for allegedly offering account holders free savings accounts for minors when, according to plaintiffs, the bank converts these accounts into adult checking accounts and deducts monthly fees from them without customers’ permission. (Allen et al v. Wells Fargo & Company, Case No. 17-cv-333, S. D. CA.)
Allegations: Misrepresenting when consumers will be charged overdraft fees
August 2018: The case was transferred to federal court. (Case No. 18-cv-2033, S.D. Cal.) July 2018: Plaintiffs filed an amended complaint adding allegations that the bank deceptively prompts consumers to…
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