In the first round of what may become a long and protracted legal battle, US Distict Judge Charles Breyer dismissed Wells Fargo's lawsuit against the city of Richmond today, and the reason for dismissal was clear: nothing has happened yet. Read more »
About 50 gathered for a demonstration April 23 outside the west coast Wells Fargo headquarters on Montgomery and California- and 20 stayed the night- in a plan to “Occupy Wells Fargo” for the bank’s shareholder meeting April 24.
Several organizers from non-profits and community groups aired their complaints about Wells Fargo, including their role in the foreclosure crisis as well as investments in the private prison and coal industries. Read more »
People facing eviction and foreclosure often report hardly being given the time of day by banks and lenders. But yesterday, three top Wells Fargo executives flew to San Francisco to meet with Alberto Del Rio, a Bernal Heights resident facing foreclosure.
Del Rio's parents purchased their home in 1973. The home was refinanced multiple times, he says “for a better life” for his family. The most recent refinance, in 2007, was a result of lenders convincing Del Rio’s mother that refinancing would be an easy to pay for some of her retirement. Read more »