Wells Fargo bid to block FHA suit fails

Wells Fargo (WFC -0.3%) had tried to convince a federal court that 2012's multi-bank mortgage settlement barred the government from suing again over home lending practices, but a three-judge panel says the settlement gives the government the right to pursue further action.

The ruling is likely to increase pressure on the bank to settle a FHA mortgage lawsuit filed in October 2012.

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Comments (5)
  • vikramnjnjjdjnd
    , contributor
    Comments (1444) | Send Message
    Banks always win in the end! Long wfc.
    10 Jun 2014, 12:31 PM Reply Like
  • CassandraSees
    , contributor
    Comments (627) | Send Message
    Judges need to go back to legal school - - A settlement is a settlement and you don't come back for more....
    10 Jun 2014, 01:55 PM Reply Like
  • Jack Cumming
    , contributor
    Comments (159) | Send Message
    Perhaps Wells Fargo needs to get some better legal representation if they thought they were protected by the original settlement and they were not. This is pretty sad one way or the other. And again it will be the shareholders who get screwed.
    10 Jun 2014, 02:27 PM Reply Like
  • moseharper
    , contributor
    Comments (618) | Send Message
    Supreme Court- here we some.
    10 Jun 2014, 06:29 PM Reply Like
  • 25540633
    , contributor
    Comments (148) | Send Message
    Nowadays, it seems like big banks are the FED's money-making machines....through tons of litigations.
    11 Jun 2014, 12:48 AM Reply Like
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