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Title: Wells Fargo illegally repossessed another 450 service members' cars
Source: [None]
URL Source: https://money.cnn.com/2017/11/14/in ... ssess-cars-military/index.html
Published: Dec 22, 2022
Author: Staff
Post Date: 2022-12-22 20:25:19 by Horse
Keywords: None
Views: 146
Comments: 2

Wells Fargo has uncovered another 450 service members who had their vehicles illegally repossessed by the bank. That brings the total to more than 860.

The Department of Justice on Tuesday said Wells Fargo agreed to pay an additional $5.4 million for the illegal vehicle seizures.

Federal law requires banks to get a court order before repossessing a car from members of the military. The DOJ previously charged Wells Fargo in September 2016 with illegally seizing 413 cars owned by service members.

As part of a settlement reached last year, Wells Fargo has "identified additional violations" that affected about 450 service members between January 2008 and July 2015, according to the DOJ.

Wells Fargo (WFC) has agreed to repair the credit of the service members and to pay each $10,000, plus any lost equity in the vehicle, with interest.

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#1. To: Horse, 4um (#0)

No Vax, No Car.

Esso  posted on  2022-12-22   20:30:06 ET  Reply   Trace   Private Reply  

No donation to BLM, no Fire Department!

“I am not one of those weak-spirited, sappy Americans who want to be liked by all the people around them. I don’t care if people hate my guts; I assume most of them do. The important question is whether they are in a position to do anything about it. My affections, being concentrated over a few people, are not spread all over Hell in a vile attempt to placate sulky, worthless shits.” - William S Burroughs

Dakmar  posted on  2022-12-22   20:34:19 ET  Reply   Trace   Private Reply  

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