In financial news, a slew of new lawsuits accuse banking giant Wells Fargo of changing the terms of people’s mortgages without their consent or knowledge, putting families at risk of default and foreclosure. The changes involved increasing the total amount families would have to pay back to the bank by extending the duration of people’s loan payments by decades. The lawsuits come as Wells Fargo is already facing widespread protests over its funding of the Dakota Access pipeline, as well as a massive scandal over the creation of more than 2 million fake consumer accounts.
Lawsuits: Wells Fargo Changed Mortgage Terms Without People’s Knowledge
HeadlineJun 15, 2017