WFC Faces Lawsuit Over Interest Rates on Cash Sweep Accounts

WFC Faces Lawsuit Over Interest Rates on Cash Sweep Accounts

Wells Fargo is facing a class-action lawsuit for allegedly underpaying interest to clients in its cash sweep program. The lawsuit claims the bank profited from clients' uninvested cash while paying minimal interest. Regulatory scrutiny and lawsuits over cash sweep practices have impacted the bank's earnings and reputation.

Read More

Did you find this insightful?