U.S. lawmakers have introduced legislation to stop Wells Fargo from enforcing arbitration agreements with victims of fraud it perpetrated against them. Sen. Sherrod Brown, the ranking member of the Senate Committee on Banking, Housing and Urban Affairs, and Rep. Brad Sherman, a member of the House Financial Services Committee, introduced the Justice for Victims of Fraud Act of 2016 in their respective chambers. The bill complements an oversight rule prohibiting mandatory arbitration clauses, which the CFPB proposed this spring.
At the end of 2014 I requested guidance from Wells Fargo(WF) about my interest rate increase. This simple request has turned into a fight for honesty and having integrity when there's a mistake. WF has fraudulently destroyed my 800+ credit score, discriminated against me, and broken several key loan servicing laws. All of the allegations against WF are supported by my documents. I have created a website WFfraud.com that tells my story about the horrible things Wells Fargo is doing to me and my family. All the supporting docs are there to view. I have hit a brick wall with Wells Fargo.
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Bill Bolsters Legal Efforts of Wells Fargo Fraud Victims
Posted by: Richard Adhikari December 8, 2016 05:00 AMU.S. lawmakers have introduced legislation to stop Wells Fargo from enforcing arbitration agreements with victims of fraud it perpetrated against them. Sen. Sherrod Brown, the ranking member of the Senate Committee on Banking, Housing and Urban Affairs, and Rep. Brad Sherman, a member of the House Financial Services Committee, introduced the Justice for Victims of Fraud Act of 2016 in their respective chambers. The bill complements an oversight rule prohibiting mandatory arbitration clauses, which the CFPB proposed this spring.