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Wells Fargo Accused Of Overcharging Small Businesses

Wells Fargo Accused Of Overcharging Small Businesses

7 years ago
Anonymous $Gu9VYqcl-R

https://consumerist.com/2017/08/11/wells-fargo-accused-of-overcharging-small-businesses/

The scandals and accusations continue to mount for Wells Fargo. This time, the banking giant is being accused of overcharging small businesses to process credit card transactions.

In a potential class action filed earlier this month in a New York federal court, a restaurant owner from Pennsylvania and a North Carolina tour company allege that Wells Fargo’s Merchant Business Services operates an “overbilling scheme” that charged excessive and undisclosed credit card processing fees, along with “massive early termination fees” the merchants tried to end their relationships with the bank.