2012-07-13nypost.com

Wells Fargo Bank charges inflated premiums when it procures "force-placed" property insurance for homeowners whose coverage has lapsed, a Pompano Beach, Fla., lawyer claimed in a lawsuit.

"The premiums are inflated to cover kickbacks in the form of unearned commissions and bundled administrative costs not properly charged to the consumer," plaintiff Ira Fladell alleged in a federal court complaint filed in Fort Lauderdale, Fla., yesterday.



Comments: Be the first to add a comment

add a comment | go to forum thread