One Bank Has to Pay Up

Wells Fargo was hit with a $3,100,000 judgment for their handling of a mortgage held by Michael Jones of New Orleans, who really got creamed by the bank. He was charged $24,000 in fees because of a computer glitch.His mortgage payments were applied to interest and fees rather than principal in violation of his contract.  And, of course Wells Fargo used every legal trick in the book to slow down the proceedings.