Consumer Protection

Wells Fargo Sham Insurance Policies Investigation

Lieff Cabraser is investigating claims that Wells Fargo and its employees have signed up bank customers for unwanted and unauthorized life insurance policies (including “MyTerm” policies issued by Prudential), in some cases arranging for the monthly premiums for these insurance policies to be deducted from the customers’ bank accounts. These claims follow the well-publicized revelations, earlier this year, that Wells Fargo and its employees opened up more than 2 million bank accounts and credit cards without customer authorization.

According to published reports, an investigation of recorded calls to Prudential’s customer service lines has apparently revealed complaints from Wells Fargo customers about policies they did not recall buying.

Contact a Consumer Protection Lawyer at Lieff Cabraser

Lieff Cabraser is a national law firm that represents consumers throughout the United States in fraud and deceptive practices lawsuits, including cases involving deceptive practices by banks and insurance companies.

If you are a current or former Wells Fargo banking customer, and suspect that Wells Fargo or its employees may have signed you up for a life insurance policy that you did not want or authorize, we invite you to complete our contact form below.

The information you provide will assist us in learning the full extent of the alleged practices, obtaining relief for affected customers, and stopping improper conduct by the companies going forward. We will review your complaint for free and without any obligation on your part.


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