Lewis: Wells Fargo so big its suing itself

As holder of the first, Wells Fargo is suing all other lien holders, including the holder of the second, which is itself. "The primary reason is to clear title and ownership interest in a property to prepare it for sale," Waetke said in an email exchange. "So it really is not Wells Fargo vs. wells fargo."

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Wells Fargo Sues Wells Fargo? Fox News Interviews Al Lewis of Dow Jones about it. You can’t expect a bank that is dumb enough to sue itself to know why it is suing itself. Yet I could not resist asking Wells Fargo Bank NA why it filed a civil complaint against itself in a mortgage foreclosure case in Hillsborough County, Fla.

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In a US Department of Justice lawsuit, Wells Fargo agreed to a $1.2 billion settlement and admitted responsibility for false claims that its home loans qualified to be insured by the Federal.

The lawsuit says execs knew as far back as 2002 about the issues with the program. photo: justin Sullivan (Getty) A couple weeks back, news broke that Wells Fargo execs had been accused in a.

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Wells Fargo & Company is an American multinational financial services company headquartered in San Francisco, California, with central offices throughout the United States. It is the world’s fourth-largest bank by market capitalization and the fourth largest bank in the US by total assets. Wells Fargo is ranked #26 on the 2018 Fortune 500 rankings of the largest US corporations by total revenue.

Being a taxpayer-subsidized, too-big-to-fail institution, it’s possible that one of the few ways for Wells Fargo & Co. (WFC) to know what it is doing is to notify itself with a court filing. ("Wells Fargo Bank Sues Itself") As your attorney, I advise you to buy lots of Wells Fargo stock.

And then Wells Fargo hired another Tampa law firm — Kass, Shuler, Solomon, Spector, Foyle & Singer P.A. — to defend itself against its own lawsuit, according to court documents.

But named plaintiffs, who all claim Wells Fargo owes them refunds ranging from $24.49 to $634.35, allege the bank has so far failed to reimburse them, and therefore Wells Fargo and its subsidiaries Wells Fargo Dealer Services Inc. and Wells Fargo & Company have breached contracts and violated nine different states’ consumer protection laws.

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Dow Jones newswire columnist Al Lewis breaks the news that Wells Fargo is suing itself. ( Via Calculated Risk). In this particular case, Wells.