Mealey's Litigation Procedure - Borrower Files Class Action, Claims Wells Fargo Wrongly Charged Interest Fees

Mealey's Litigation Procedure - Borrower Files Class Action, Claims Wells Fargo Wrongly Charged Interest Fees

SAN FRANCISCO - A first-time homebuyer on Aug. 28 filed a class action complaint in a California federal court, alleging that Wells Fargo & Co. violated the Real Estate Settlement Procedures Act (RESPA) and the Truth in Lending Act (TILA) by wrongly charging borrowers mortgage interest rate-lock extension fees (Victor Muniz v. Wells Fargo & Co., et al., No. 3:17-cv-04995, N.D. Calif.).

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