Navajo Nation sues Wells Fargo for alleged predatory tactics
WINDOW ROCK, Ariz. — The Navajo Nation announced Tuesday that it's suing Wells Fargo for allegedly engaging in predatory and unlawful banking practices that targeted and harmed tribal members.
In a statement, Navajo Nation President Russell Begaye said the tribe's lawyer has been directed to seek restitution, damages and civil penalties based on Wells Fargo's alleged violations of federal, state and tribal law.
The tribe alleges employees at Wells Fargo branches on the vast reservation "routinely misled customers into opening unnecessary accounts and obtained debit and credit cards without customers' consent."
They also allege Navajo elders "were purposely confused and deceived into purchasing products to help employees meet banking quotas."
https://www.msn.com/en-us/money/companies/navajo-nation-sues-wells-fargo-for-alleged-predatory-tactics/ar-BBGF7nD?li=BBnbfcN&ocid=edgsp
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