On October 4, 2016, the court entered a consent order in United States v. Wells Fargo Bank, N.A., d/b/a Wells Fargo Dealer Services, Inc. (C.D. Cal.). The complaint, which was filed on September 29, 2016, alleged that Wells Fargo repossessed over 400 motor vehicles between January 1, 2008 and July 1, 2015 from protected servicemembers without obtaining court orders, in violation of SCRA Section 3952. The consent order requires Wells to provide over $4 million in compensation to the victims of illegal repossessions, remove the repossessions from their credit reports, pay a $60,000 civil penalty and institute new procedures that will prevent unlawful repossessions in the future.
Case Open Date:
Thursday, September 29, 2016
United States v. Wells Fargo Bank, N.A., d/b/a Wells Fargo Dealer Services, Inc. (C.D. Cal.)
Civil Rights - Housing and Civil Enforcement Section
Updated October 6, 2016