Wells Fargo To Settle TILA Class Suit For $880,000

Mealey's (November 30, 2016, 6:53 PM EST) -- OAKLAND, Calif. — A California federal judge on Nov. 18 granted preliminary approval of an $880,000 settlement to be paid by Wells Fargo Bank N.A. to end a class suit accusing it of violating the Truth in Lending Act (TILA) by failing to include all required information on its payoff statements for residential mortgages (Latasha McLaughlin, et al. v. Wells Fargo Bank N.A., d/b/a Wells Fargo Home Mortgage, No. 15-2904, N.D. Calif.; 2016 U.S. Dist. LEXIS 160422)....

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