Wells Fargo is calling for dozens of customers suing over bogus accounts opened by the bank’s employees to resolve the dispute through arbitration rather than federal court. Wells Fargo noted in a filing Wednesday that a judge in a similar class-action lawsuit in Northern California has already ruled that arbitration agreements can be enforced. Wells Fargo vowed to eliminate sales goals linked by regulators to cross-selling. Congressional representatives lambasted Wells Fargo in September over concerns that the bank’s check of customers’ credit histories when unauthorized credit-card accounts were opened could have hurt their credit scores. Customers opened 44 percent fewer new checking accounts, Wells Fargo said.

Source: Washington Post November 25, 2016 22:07 UTC