Allegations against embattled Wells Fargo & Co. now include being accused of overcharging mom-and-pop businesses for credit card transactions. CNNMoney reports on a federal lawsuit alleging that when some business owners tried to leave the bank, they were charged “massive early termination fees.” The lawsuit seeks class-action status. The lawsuit alleges that Wells Fargo (NYSE:WFC) specifically targeted less-sophisticated businesses by using “deceptive language” in a 63-page contract, which…
from Charlotte Business News - Local Charlotte News | Charlotte Business Journal https://www.bizjournals.com/charlotte/news/2017/08/11/latest-wells-fargo-suit-claims-bank-bilked-mom-and.html?ana=RSS%26s=article_search
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