Wells Fargo Tries to Kill Fake Account Lawsuit

CHARLOTTE, NC — Wells Fargo customers have opened a class action lawsuit over the fake account scandal, but the bank is playing hardball.

The bank asked the U.S. District Court in Utah to force dozens of those customers to resolve their claims in closed-door arbitration, instead of in open court.

Wells Fargo argues that customers sign an agreement, requiring them to enter arbitration. The bank is being sued for opening as many as two million unauthorized accounts.