Wells Fargo settles credit card processing lawsuit, pays $34M

by AdamD Nov 21, 2008 2:59 PM
For all of you who use - or considering to use - Wells Fargo for credit card processing you may want to read this first!

Wells Fargo & Co., the No. 5 U.S. bank, agreed to pay as much as $34 million to settle a California lawsuit accusing it of charging excessive credit card processing fees to businesses.

It is ashame that we can't even trust banks anymore, especially when they are the 5th largest bank in the US. Just goes to show how greed powers decisions in big business.

Did Wells Fargo charge your business with excessive credit card processing fees? If not Wells Fargo, maybe some other business? If so, tell your buyers nightmare here to help our readers.

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Category: In The News

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