Status: closed
Wells Fargo (Flood Insurance)
Defendant: Wells Fargo
Wells Fargo agreed to a settlement regarding its flood hazard insurance practices on homeowners. The lawsuit alleges that Wells Fargo received kickbacks from the insurers for determining the properties as Flood Hazard Determination (“FHD”) and improperly increased the charge of the FHD to the consumers. Homeowners who were charged for FHD between August 30, 2011 and December 31, 2014 may be eligible for $9.50.