Sauder Schelkopf is investigating a possible class action lawsuit against Wells Fargo on behalf of individuals who were charged fees after they closed their accounts. The New York Times reported that “Current and former bank employees said [a customer was] charged because of the way Wells Fargo’s computer system handles closed accounts: An account the customer believes to be closed can stay open if it has a balance, even one below zero. And each time a transaction is processed for an overdrawn account, Wells Fargo tacks on a fee. The problem has gone unaddressed by the bank despite complaints from customers and employees, including one in the bank’s debt-collection department who grew concerned after taking in an estimated $100,000 in overdraft fees over eight months. It is not clear how many people have been affected, but aggrieved customers have brought complaints to the Consumer Financial Protection Bureau, griped on the discussion sites Reddit and Quora and voiced their displeasure through the ‘Community’ section of Wells Fargo’s website — a public comment feature that is now disabled.“
The attorneys at Sauder Schelkopf have recovered over $60 million in overdraft fees for its clients and class members. We have a nationally recognized litigation practice with significant experience representing individuals throughout the country. The attorneys at Sauder Schelkopf have recovered hundreds of millions of dollars on behalf of our clients.
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If you incurred bank fees after you closed your Wells Fargo account, contact the attorneys at Sauder Schelkopf by submitting your information below.