Navajo Nation Files Suit Against Wells Fargo

The Navajo Nation is suing Wells Fargo, saying the bank targeted tribal members with “predatory sales tactics” between 2009 and 2016.The tribe alleges that Wells Fargo – the only national bank that services its territory – preyed on people by opening unauthorized bank accounts and debit cards, and by pressuring people, particularly the elderly, to enroll in services they did not need. Additionally, the suit says Wells Fargo employees lied to Navajo consumers, telling elderly Navajo citizens who did not speak English that in order to have their checks cashed, they needed to sign up for savings accounts they neither needed, nor understood.