Wells Fargo Says NM Cardholders Must Arbitrate Loss Claims

By Emilie Ruscoe (May 8, 2023, 9:44 PM EDT) — Wells Fargo is seeking to shed a proposed class action accusing it and a contractor of bungling their response to fraud reports by New Mexico residents who use state-issued debit cards for unemployment insurance, child support and foster care accounts, saying that these customers are bound by arbitration agreements….

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