A new class action lawsuit alleges that Wells Fargo does not reimburse its customers when they are defrauded and suffer unauthorized electronic fund transfers from their accounts.
Plaintiffs Jennifer Rice and Erik Westervelt filed the complaint against Wells Fargo Bank National Association on June 17 in Pennsylvania federal court.
The two Wells Fargo customers say that when thousands of dollars were illegally stolen from their joint accounts with the bank, Wells Fargo repeatedly refused to reimburse them — even though they should not have been liable for the losses under the Electronic Funds Transfer Act.