Daily Archives: March 8, 2017

Rep. Sherman reintroduces bill to let Wells Fargo customers sue over unwanted accounts

Wells Fargo & Co. has pledged to reimburse customers harmed when its employees opened unauthorized accounts in their name — but it has been unwilling to allow lawsuits for damages, which are barred by the bank’s standard arbitration clause.

On Tuesday, Rep. Brad Sherman (D-Sherman Oaks) reintroduced a bill he wrote last year that would allow customers to have their cases heard in court.
Read on.