Saturday, June 14, 2014

Federal appeals court rules against Wells Fargo in loan case

[JURIST] The US Court of Appeals for the District of Columbia Circuit [official website] on Tuesday rejected [opinion, PDF] Wells Fargo & Co's [corporate website] contention that the bank's participation, along with other national banks, in a $25 billion settlement with the US government over foreclosure abuses [JURIST report] should bar claims bring in a separate civil case. In an unsigned opinion, a unanimous three judge panel found [Reuters report] that the settlement deal involving a number of major banks...

Source: http://jurist.org/paperchase/2014/06/federal-appeals-court-rules-against-wells-fargo-in-loan-case.php

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