Federal Judge Orders Wells Fargo to Reimburse California Customers
Issue: Overdraft Loans
Brief, filed August 10, 2010
Download the full brief (PDF)
Federal court finds Wells Fargo's posting practices amounted to gouging and profiteering. This 90-page brief addresses Wells' checking account overdraft practices.
In August 2010, Wells Fargo was ordered to reimburse its California customers $203 million in debit card overdraft fees triggered solely by transaction reordering between November 2004 and June 2008.