Fighting Back Against Illegal and Unfair Bank Fees
Who Could Qualify to Reclaim Overdraft Fees from Wells Fargo?
McCune Law Group’s Financial Services attorney are pursuing arbitrations on behalf of customers who have been unfairly charged overdraft fees. You may be qualified to join this arbitration if:
- You are a current Wells Fargo customer
- You have been charged an overdraft fee on a debit card purchase at least once in the past year.
Submit your most recent bank statement to learn if you qualify fast!
Wells Fargo Fined $3.7 Billion by Consumer Financial Protection Bureau (CFPB) Over Overdraft Fees and Other Practices
In December 2022, Wells Fargo came to a settlement with the CFPB regarding abuse of fee and interest charges handed down by the bank to customers. These abuses led to the loss of vehicles, homes, and billions in unfair overdraft charges for customers who could least afford them. Wells Fargo’s consent forms, which customers must sign to operate an account and be charged fees with Wells Fargo, are allegedly still related to their 2016 fake account scandal. With billions in restitution ordered, the bank is assuming a loss for the company in the billions of dollars
What does the CFPB settlement mean for me
If you are a current Wells Fargo customer with a positive account balance who has been charged overdraft fees unfairly, you may be entitled to receive compensation from Wells Fargo.
Is Wells Fargo going out of business?
There is no indication to date that Wells Fargo will close its doors. Current customers can still use their accounts. As a multi-billion-dollar international company, Wells Fargo’s estimated losses due to this settlement are still only a fraction of its projected revenue for the year.
How can I get my money back from unfair overdraft fees?
If you were charged overdraft fees unfairly by Wells Fargo, you likely signed an arbitration agreement which forbids customers from bringing public class action lawsuits against Wells Fargo over grievances. However, you are always able to bring an arbitration alongside legal representation to reclaim your wrongfully charged fees.
What is arbitration?
Arbitration is a type of private resolution in which the opposing parties and their legal counsel bring their arguments before an arbitrator who acts as a judge. Arbitrations are similar to public lawsuits, but are intentionally held in private, often to protect the reputation of the defendant.
Can I still join an arbitration?
Yes! MLG is continuing to file arbitration on behalf of wronged Wells Fargo customers who were unfairly charged overdraft fees. If you are a current Wells Fargo customer with a positive balance on your account, complete the form above to begin the process of arbitration.
How You can Join Our Arbitration:
The Financial Services attorneys at McCune Law Group are pursuing arbitrations on behalf of customers who have been charged unfair overdraft fees. If you have been charged an unfair overdraft fee recently, here is how you can join our arbitration:
- Fill out our form with your information
- Set up your free consultation
- Meet with our Financial Services team
- Discuss your potential case
- Discuss your next steps
A member of our Financial Service team is ready to help you recover your unfairly charged overdraft fees!
MLG Bringing Wells Fargo Lawsuit Over Unfair Overdraft Fees
McCune Law Group, is accepting arbitration clients who are current Wells Fargo customers and have been unfairly charged overdraft fees by Wells Fargo. Every year, banks cost consumers billions in overdraft fees, thanks to allegedly unscrupulous and predatory policies.
The current overdraft policies at Wells Fargo allow customers with a low balance to make a purchase that will put their account in the negative, resulting in an automatic overdraft fee charge of $35 per item. Instead of having systems in place that would either decline the purchase or freeze the account, Wells Fargo allegedly intentionally allows these purchases to occur so they can profit from these unfair charges. These overdraft fees specifically impact those customers who can least afford to pay them. With arbitration clauses in place that forbid customers from bringing a Wells Fargo class action, it seems Wells Fargo may believe it can successfully avoid being held accountable.
For years, Wells Fargo has been one of the most successful banking institutions in the United States. However, in a $203 million verdict against Wells Fargo arising from their overdraft practices, the Judge labeled their overdraft practices as driven by gouging and profiteering. McCune Law Group believes that Wells Fargo’s ongoing overdraft practices continue to be driven by gouging and profiteering off customers.
If you believe you have been victimized by Wells Fargo’s overdraft fees and would like to join the Wells Fargo lawsuit, submit your most current bank statement to our team so we can quickly process your claim. Once submitted, you could qualify to join this arbitration.
Fighting Back Against Illegal and Unfair Bank Fees
Contact Us to Recover Your Fees!
What Will be the Claim Process?
Because Wells Fargo insists in its account agreement and in response to class action lawsuits that all claims must be handled individually in arbitration (private litigation), McCune Law Group, has decided to take on the huge task of representing 100,000 clients as individuals in arbitration. If you qualify, you will be represented by MLG and all relevant charges will be collected from Wells Fargo.
How Does Arbitration Work?
Arbitration settles disputes outside of the courtroom. All proceedings are private, and the matter is decided by an arbitrator, instead of a judge. Unfortunately, it is now becoming common practice for banks to include arbitration clauses in their agreements with customers. These clauses force the customer to take their claim privately and out of the spotlight. Banks do this in hopes of skewing customers away from bringing claims or class action lawsuits against them. MLG believes that attempting to skirt taking responsibility is unacceptable. MLG is committed to representing Wells Fargo Bank clients as individuals in arbitration to recover overdraft fees.
Attorney Advertising
McCune Law Group, is responsible for this solicitation. The information provided on this website is for general information purposes only. The information you obtain is not, nor is it intended to be, legal advice. Use of this website or submission of the online form does not create an attorney-client relationship.
Counsel Richard McCune is licensed to practice only in the state of California. The law firm of McCune Law Group, has attorneys licensed to practice law in AZ, CA, IL, MO, NJ, NY and PA. This information section is not intended to be a solicitation for services in states where it is forbidden for non-barred attorneys from advertising for services, and McCune Law Group, does not have attorneys barred in that state. McCune Law Group, is a national firm that brings lawsuits in a majority of the states. In states where one of its attorneys are not barred, it does so by filing the complaint along with local counsel barred in that state.
The results discussed do not guarantee, warrant, or predict the results in future cases.
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Case Results
$35 Million
Class Action
National class action settlement for unfair overdraft fees
$70 Million
Class Action
A national class action settlement for unfair overdraft fees
$203 Million
Class Action
Trial verdict in a class action for unfair bank overdraft fees
About Us
McCune Law Group, McCune Wright Arevalo Vercoski Kusel Weck Brandt APC, (MLG) has a long history of success holding banks and credit unions accountable for their unfair or illegal practices, including a $203 million verdict against Wells Fargo itself. The Financial Services attorneys of MLG believe big banks should never be able to just take their customers’ hard-earned money when they are not legally entitled to collect overdraft fees.
