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Navajo Nation settles lawsuit against Wells Fargo for $6.5M
Window Rock, Ariz. • The Navajo Nation has settled claims against Wells Fargo accusing the company of predatory and unlawful practices.
The tribe says Wells Fargo has agreed to pay $6.5 million, ending cases in federal and tribal court.
The tribe had accused bank employees of routinely misleading customers into opening unnecessary accounts and pushing elders into buying products to meet quotas.
The 10th U.S. Circuit Court of Appeals dismissed the case this week.
Read more: https://www.sltrib.com/news/nation-world/2019/08/23/navajo-nation-settles/
(Salt Lake Tribune)
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