Wells Fargo Asks Federal Court To Toss Case Alleging Profits Off Rate Lock Fees

(August 25, 2023, 8:31 AM EDT) -- SAN FRANCISCO — Wells Fargo moved to dismiss a proposed class complaint filed in a California federal court alleging that the bank wrongly charged borrowers rate lock extension fees and admitted its misconduct by voluntarily refunding its customers but profited “in the billions of dollars” through investments of the money collected through the fees....