Foreclosure Class Action Filed Against Wells, Credit Bureaus
September 12, 2011
The Stauffer and Nathan, P.C. law firm of Tulsa, OK, recently filed a federal class action in the U.S. District Court of the Northern District of Oklahoma against Wells Fargo and Experian, Equifax and Trans Union. The complaint accuses Wells of engaging in illegal mortgage servicing practices and ramrod unlawful foreclosures and alleges the major credit bureaus participated in erroneous credit reporting due to their reckless failure to conduct independent investigations and just parroting the false and negative information supplied to credit bureaus by Wells Fargo. The plaintiffs contend Wells Fargo continues to engage in a free-for-all campaign to harass and disparage Oklahoma homeowners with unjustified foreclosure proceedings. They also claim abuse of process, malicious prosecution, intentional infliction of emotional distress, and numerous violations of state and federal consumer protection statutes.