Dallas firm Baron & Budd files class again against Wells Fargo over auto insurance charges

SAN FRANCISCO – A new federal lawsuit filed in a San Francisco federal court by a Dallas law firm is accusing troubled bank Wells Fargo of racketeering violations and fraud in relation to auto loans.

The bank is apologizing after admitting that it charged its borrowers for auto insurance they did not ask for or need, causing many delinquencies, and in some cases car repossessions.

Dallas law firm Baron & Budd filed the lawsuit accusing Wells Fargo of violating California’s Unfair Competition Law and Indiana’s Deceptive Consumer Sales Act.

Read on.

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