Navajo Nation sues Wells Fargo claiming it was targeted for fake accounts [Los Angeles Times (CA)]
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Source: Los Angeles Times
Navajo Nation sues Wells Fargo claiming it was targeted for fake accounts The Navajo Nation has sued Wells Fargo, saying its citizens were targeted by workers trying to meet the bank’s aggressive sales quotas. The lawsuit, filed Tuesday in federal court in Albuquerque, alleges many of the same practices that led to last year’s $185-million settlement between Wells Fargo and regulators, including the creation of unauthorized banking accounts, credit cards and other products. But the lawsuit also goes further, alleging that the San Francisco bank targeted particularly vulnerable members of the Navajo Nation, including minors, the elderly and those who do not speak English. It also alleges that Wells Fargo lied to the tribe when, in a letter sent early this year, it said no tribal members were harmed by the bank’s sales practices. “This shows a specific targeting of an ethnic community in the United States and, within that, subgroups of vulnerable Navajos,” said John Hueston, a Los
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