Wells Fargo Handing $56,850,000 To Customers After Allegedly Sending Botched Reports To Credit Agencies

Wells Fargo has agreed to pay $56.85 million to settle a class action lawsuit accusing the bank of sending erroneous reports to credit agencies. The lawsuit accuses the bank of wrongfully reporting mortgage accounts to credit bureaus as “in forbearance” during the pandemic, even though the accounts were current under the CARES Act. Regulations required […] The post Wells Fargo Handing $56,850,000 To Customers After Allegedly Sending Botched Reports To Credit Agencies appeared first on The Daily Hodl.