Wells Fargo tries to kill fake account suit
(CNN) – Wells Fargo customers have opened a class action lawsuit against the bank over its fake account scandal…but Wells Fargo is playing hardball.
The bank asked the U.S. District Court in Utah on Wednesday… To force dozens of those customers to resolve their claims in closed-door arbitration instead of open court.
Wells Fargo argues that customers sign an agreement requiring them to enter arbitration.
The bank is being sued for opening as many as 2-million unauthorized accounts.
Wells Fargo has since apologized for the wrongdoing.
During the presidential campaign, Hillary Clinton said she would give federal agencies the power to restrict the use of fine print arbitration clauses.
But, president-elect Donald Trump has not yet indicated his stance on the Wells Fargo lawsuits.