City of L.A. Sues Wells Fargo

Wells

Wells Fargo Bank could be writing a big check. This comes after the city of Los Angeles filed a lawsuit over unfair practices in which employees opened unauthorized accounts for customers, sticking them with fees and damaging their credit.

The LA Times reports that the suit was filed yesterday (Monday) under an unfair-business-practices law that permits attorneys representing large California cities to seek redress for customers throughout the state.