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Thursday, 15 June 2017

Not just savers! Wells Fargo also defrauded bankrupt mortgage borrowers

A class action suit against Wells Fargo alleges that the bank -- which is still embroiled in a scandal over creating literally millions of fraudulent accounts and firing and blacklisting low-level employees who blew the whistle or simply refused to break the law -- silently altered the mortgages of borrowers who were in bankruptcy to extend their repayment schedules by decades, so that they would pay tens -- or hundreds -- of thousands of extra dollars in interest. (more…)



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