Wells Fargo faces lawsuits, angry lawmakers over car lending

NEW YORK — The heat on Wells Fargo over its auto lending business has intensified, with customers filing at least three lawsuits, politicians calling for hearings and a bank regulator issuing a subpoena for records.

Wells Fargo, still trying to recover from a fake accounts scandal, said last week that roughly 570,000 customers were signed up for and billed for car insurance that they didn't need or necessarily know about. Many couldn't afford the extra costs and fell behind in their payments. In about 20,000 cases, cars were repossessed.

http://www.startribune.com/wells-fargo-faces-lawsuits-angry-lawmakers-over-car-lending/438112513/