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The Dann Law Firm | Marc Dann Law Firm

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DannLaw: CFPB/Wells settlement is welcome, but big bank will continue to abuse homeowners

Wells Fargo

December 21, 2022 By Marc Dann

While the $3.7 billion settlement between Wells Fargo and the Consumer Financial Protection Bureau is welcome news, it doesn't resolve all the issues surrounding the bank's bad behavior--a point made by CFPB Director Rohit Chopra who noted that Wells' rinse-repeat cycle of violating the law has harmed millions of American families." He also said the company is a serial offender that puts one third of American households at risk of harm and that finding permanent resolution to this bank’s pattern … [Read more...] about DannLaw: CFPB/Wells settlement is welcome, but big bank will continue to abuse homeowners

Filed Under: CFPB, Class Action Lawsuit, Consumer Fraud, In the News Tagged With: Consumer Fraud, deceptive practices, Marc Dann, Mortgage Fraud, Wells Fargo

April 6, 2022 By Marc Dann

Claiming that Wells Fargo has engaged in a “…pervasive pattern and practice of placing Black Americans at a disadvantage in comparison to White Americans with respect to their applications for mortgage loans,” attorneys from DannLaw and the Zimmerman Law Offices filed a class action lawsuit against the giant bank in the United States District Court for the Eastern District of New York on Tuesday, April 6, 2022. The pleading in the case may be viewed here: Ifemoa Ebo v Wells Fargo. Wells … [Read more...] about DannLaw, Zimmerman Law Offices file class action suit against Wells Fargo alleging bank discriminated against Black borrowers

Filed Under: Class Action Lawsuit, Founding Partner, In the News, Managing Partner, Mortgage Fraud Tagged With: Consumer Fraud, deceptive practices, Loan Modification, Marc Dann, Mortgage Fraud, Wells Fargo

February 2, 2022 By Marc Dann

DannLaw Founder and former Ohio Attorney General Marc Dann today expressed satisfaction with the $12.9 million settlement that has been reached in the firm’s class action lawsuit against Well Fargo Bank, N.A. Judge Timothy Black of the Federal District Court for the Southern District of Ohio signed an order approving the settlement on January 25, 2022. More than 1,800 class members will receive between $1,000 and $19,000. While Wells agreed to the settlement, the company admitted to no … [Read more...] about Marc Dann: Settlement in Ryder v Wells Fargo is major victory for consumers, demonstrates power of civil justice system to police financial services industry

Filed Under: Class Action Lawsuit, Consumer Fraud, In the News, Managing Partner, Mortgage Fraud, RESPA Tagged With: deceptive practices, Loan Modification, Marc Dann, RESPA, Wells Fargo

August 7, 2021 By Marc Dann

It seems like just weeks ago we saw bright light at the end of the COVID-19 tunnel. Turns out that thanks to people who refuse to be vaccinated and the resultant spread of the highly contagious Delta variant of the Coronavirus that light may once again be an oncoming train that puts both lives and the nation’s economic recovery at risk. To eliminate that risk, we encourage everyone who has not already been vaccinated to roll up their sleeves and get their shot ASAP. Unfortunately, the … [Read more...] about COVID-19 Update, August 2021

Filed Under: CFPB, Class Action Lawsuit, Covid-19, Evcitions, Foreclosure, Founding Partner, In the News, RESPA Tagged With: Coronavirus, Foreclosure Defense, Loan Modification, Marc Dann, RESPA, Wells Fargo

July 20, 2020 By Marc Dann

A lot has happened since we issued our first COVID-19 on March 13. In our tenth update we’ll take a look at recent developments, discuss impending challenges and opportunities, issue a couple warnings, and dispense some sage advice… Involuntary Forbearance can threaten your financial future Let’s start with a cautionary tale about involuntary mortgage forbearance. As we’ve said repeatedly, while it can be a lifesaver for people who are facing financial disaster as a result of the pandemic, … [Read more...] about COVID-19 Update 10–forbearance, evictions, collections, and more

Filed Under: Bankruptcy, Consumer Fraud, Covid-19, Evcitions, Foreclosure, Founding Partner, In the News, Mortgage Fraud, The Con Tagged With: Consumer Fraud, Coronavirus, deceptive practices, Foreclosure Defense, Housing Market Crisis, Mortgage Fraud, Wells Fargo

April 17, 2020 By Marc Dann

I was mildly enthusiastic about the CARES Act immediately after it was passed because it appeared to be substantially different from the stimulus plan crafted by the federal government during the Great Recession of 2008. That package funneled trillions of dollars to the big banks and Wall Street speculators whose unfettered greed nearly destroyed the world’s financial system but did relatively little to help working and middle-class families devastated by the collapse of the housing market. … [Read more...] about COVID-19 Update 8: Thoughts on the CARES Act, Planning for life after the pandemic

Filed Under: Bankruptcy, Consumer Fraud, Covid-19, Foreclosure, Founding Partner, In the News, Payroll Protection Program, private student loans, student loan debt Tagged With: Bankruptcy, Consumer Fraud, Coronavirus, Marc Dann, private student loans, student loan debt, Wells Fargo

November 15, 2018 By Marc Dann

We have the honor of representing three people who lost their homes because they were unjustly denied a loan modification by Wells Fargo. One of those clients, Jose Aguilar, recently told his story to a reporter from American Banker, a financial industry trade journal: Jose Aguilar was shocked, but also angry, when he received a letter of apology earlier this fall from Wells Fargo. Aguilar and his family lost their home in Chittenango, N.Y., in 2015 after trying time and again to get … [Read more...] about DannLaw fighting for families who lost homes due to Wells Fargo computer “glitch”

Filed Under: Foreclosure, In the News, Mortgage Fraud Tagged With: Foreclosure Defense, Loan Modification, Mortgage Fraud, Wells Fargo

September 20, 2018 By Marc Dann

DannLaw attorneys suspect troubled bank has understated number of victims, urges Wells borrowers who received loan modifications between 2010 and 2015 to seek legal advice. Earlier this year Wells Fargo revealed in an SEC filing that a “software glitch” caused the bank to improperly deny mortgage loan modifications to 625 homeowners between 2010 and 2015. At the time, Wells said it had set aside eight million dollars to compensate borrowers impacted by the mistake, including the 400 families … [Read more...] about Wells Fargo offering loan mod scandal victims lowball settlements, mediation instead of fair compensation

Filed Under: Consumer Fraud, Foreclosure, In the News, Mortgage Fraud, RESPA Tagged With: Consumer Fraud, Foreclosure Defense, Loan Modification, Mortgage Fraud, Wells Fargo

December 7, 2017 By Marc Dann

Wells Fargo
Wells Fargo

Look up the word “scam” in the dictionary these days and you just might find the Wells Fargo logo. The giant lender, already accused of cheating homeowners in bankruptcy and creating fraudulent credit card and bank accounts for millions of unsuspecting customers, has now been caught charging people who took out car loans for insurance they didn’t need. According to media reports more than 800,000 people were charged for insurance they did not need. Charges for the insurance, which were often … [Read more...] about Hundreds of thousands snared by Wells Fargo auto loan scam, victims are entitled to monetary compensation

Filed Under: Consumer Fraud Tagged With: Auto Loan, Bankruptcy, Consumer Fraud, Credit Card Fraud, Mortgage, Wells Fargo

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DannLaw Cleveland OH

15000 Madison Avenue
Cleveland, Ohio 44107
Phone: 216-373-0539 or toll-free 877-475-8100

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875 N. High Street
Columbus, Ohio 43215
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220 Mill Street
Milford, Ohio 45150
Office hours by appointment in Hyde Park & Mason
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1520 Highway 130, Suite 101
North Brunswick, New Jersey 08902
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DannLaw is a Debt Relief Agency. We help people file for relief under the Bankruptcy Code.

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