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The bank's delay in investigating the case forced the plaintiff to resign from the bank in July 2021, according to the complaint. Wells said that it takes allegations of misconduct "very seriously."
February 8
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Townstone Financial in Chicago had been accused of discriminating against certain consumers by trying to discourage them from applying for home loans. However, a judge ruled that federal law protects only actual applicants.
February 6
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The potential class of 140 impacted professionals is entitled to damages of at least $43 million, an attorney wrote.
January 27
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The case involved incidents occurring in early 2021, when an unauthorized individual obtained access to files containing personal identifiable information of consumers.
January 27
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An executive at the firm also signed a $475,000 judgment against it from another mortgage player, although a federal judge has yet to sign off on the agreement.
January 26
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Plaintiffs allege that the Plano, Texas-based lender failed to adhere to WARN requirements when it laid off employees "without cause" or notice in June.
January 18
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A former branch manager allegedly directed 15 loans worth $7 million to the Ohio-based adversary during a three-month period.
January 13
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Northpoint's description of insider wrongdoing as cause for its November security leak is a rare admission of the type of cyberattack a mortgage firm has suffered.
January 10
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The plaintiffs allege that the banks did not catch obvious red flags or implement proper safeguards such as requiring two employees to approve each transaction.
January 6
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The company also claims damages from rent payments on offices vacated following the mass exodus.
December 30
