Borrowers File Class Action Over Entry Into Wells Fargo Forbearance Plans

Mealey's (August 3, 2020, 9:45 AM EDT) -- SAN FRANCISCO — Two borrowers filed a class action lawsuit July 31 in federal court in California complaining that Wells Fargo & Co. and Wells Fargo Bank N.A. entered them into forbearance agreements on their federally backed mortgage loans pursuant to the Coronavirus Aid, Relief, and Economic Security (CARES) Act without their consent (Samara Green, et al. v. Wells Fargo & Co., et al., No. 20-cv-5296, N.D. Calif.)....