Two embarrassing stories for San Francisco-
based Wells Fargo today, which, if you’re working PR for the bank, is best-case scenario, since nobody much pays attention on Saturdays right?
- Bloomberg News says the bank is being sued for allegedly ignoring federal rules on reverse mortgages and forcing homes into foreclosure without giving heirs a chance to buy them. No comment from Wells.
- Meanwhile, Wells says it has reached a $590 million settlement in principle with plaintiffs who claimed that Wachovia, which Wells took over, misled investors, also via Bloomberg News.
Consumer News,
Wells Fargo
based Wells Fargo today, which, if you’re working PR for the bank, is best-case scenario, since nobody much pays attention on Saturdays right? 
