Plaintiffs in a class action suit against Wells Fargo over unwanted auto insurance want the bank to take steps to repair damages to consumers’ credit ratings.
In a motion for a preliminary injunction filed Aug. 4, plaintiff Katherine Jacob asked the court “to prevent imminent, irreparable harm” to her and potential other class members’ credit when they were forced to take on insurance as part of Wells Fargo-issued auto loans. The increased monthly payments for unwanted insurance led some borrowers into delinquency, which was reported to credit agencies, “thereby damaging plaintiff’s and the other class members’ credit scores and creditworthiness.”
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