It may be coincidence, or perhaps mortgage cases habitually get the short end of the news-coverage stick.
Wells Fargo’s September agreement to pay $94 million to settle a class-action lawsuit — alleging the bank automatically placed mortgage borrowers into forbearance if they said they were experiencing financial distress — surfaced during the same news cycle as a slightly larger settlement to end a Labor Department probe into the bank’s alleged 401(k) misdeeds.
The Wells 401(k) story received far wider coverage.
