Basic Search  |  Summaries  |  Advanced Search

Violation Tracker Individual Record

Company: Wells Fargo Bank, N.A.
Current Parent Company: Wells Fargo
Penalty: $12,000,000
Year: 2022
Date: January 25, 2022
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Secondary Offense: mortgage abuses
Violation Description: Wells Fargo agreed to pay $12 million to settle class action litigation alleging that defects in its home mortgage loan modification tool improperly rejected some applications, resulting in foreclosures.
Level of Government: federal
Action Type: private litigation
Court: Southern District of Ohio
Civil or Criminal Case: civil
Case ID: 1:19cv638
Case Name: Ryder et al v. Wells Fargo Bank N.A.
Private Lawsuit Resolution Type: settlement
HQ Country of Current Parent: USA
HQ State of Current Parent: California
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking
Source of Data: (click here)
Link to PACER Case Docket (must be logged in): (click here)
Link to Archived Court Document:  subscribe to see this data field
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.