Copy
Office of the President and Vice President
Mihio Manus, Communications Director
mmanus@navajo-nsn.gov
Antonio Ramirez, Sr. Public Information Officer
aramirez@navajo-nsn.gov
View this email in your browser

FOR IMMEDIATE RELEASE
December 12, 2017

NAVAJO NATION SUES WELLS FARGO OVER PREDATORY SALES TACTICS

WINDOW ROCK, Ariz. – Today, on Dec. 12, the Office of the President and Vice President officially announced that the Navajo Nation is filing a lawsuit against Wells Fargo Bank for engaging in predatory and unlawful practices that targeted and harmed the Navajo people. The Nation has directed its counsel, Hueston Hennigan, to seek restitution, damages and civil penalties based on Wells Fargo’s violations of federal, state, and tribal law.

“Wells Fargo’s exploitation of its customers has been well documented,” said President Russell Begaye. “But even so, Wells Fargo’s actions toward the Navajo people have been of a uniquely outrageous nature.”

Attorney General Ethel Branch said, “Wells Fargo must be held accountable for its unfair and unlawful practices directed toward the Navajo people. Among their other despicable acts, the bank specifically targeted our most vulnerable population – our elders.”

As the Navajo Nation’s complaint alleges, Wells Fargo employees at branches 
on the Navajo Nation routinely misled customers into opening unnecessary accounts and obtained debit and credit cards without customers’ consent. Among the populations targeted by Wells Fargo, Navajo elders were purposely confused and deceived into purchasing products to help employees meet banking quotas. Wells Fargo went so far as to attend local Navajo community events, like flea markets and basketball games, in an attempt to sign Navajo people up for unnecessary accounts en masse—all to meet Wells Fargo’s sales targets. These practices were particularly harmful because Wells Fargo has such a strong presence on the Navajo Nation.

“Wells Fargo deceived the Navajo people and lied to the Navajo government causing substantial suffering to those who trusted the bank, and subverting the government’s ability to represent the legitimate interests of the Tribe,” said attorney John Hueston.

The suit was filed in the United States District Court for the District of New Mexico. The Navajo Nation is represented by John C. Hueston and Moez M. Kaba of Hueston Hennigan LLP and Attorney General Ethel Branch and Assistant Attorney General Jana Werner of the Navajo Nation Department of Justice.

 
###
A copy of the complaint is provided below: 

Share

Share
Tweet
Forward
Share
OPVP Facebook
OPVP Website
Email
Copyright © 2017 The Navajo Nation - Office of the President and Vice President, All rights reserved.