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The Law Firm of Dyer & Berens LLP Announces Its Investigation Concerning Wells Fargo and Wachovia Adjustable Rate Loan Interest Rate Increases
DENVER—June 10, 2010—The law firm of Dyer & Berens LLP (www.DyerBerens.com) announced today that it has initiated its own investigation concerning adjustable rate loan (“ARMs”) interest rate increases by Wells Fargo Bank, N.A. (and Wachovia Mortgage, FSB) in early 2010, where the interest rate was linked to the 11th District Cost of Funds Index or “COFI.” The investigation concerns whether Wells Fargo itself caused the increase in the COFI of 85 basis points through its acquisition of Wachovia Mortgage, FSB, and improperly raised consumers’ mortgage payments based upon its own conduct.
If you have an ARM from Wells Fargo (or Wachovia Mortgage) and you experienced a significant increase in your monthly payment in or around February 2010, you may have a legal claim for damages. For more information, you may contact Jeffrey A. Berens, Esq. at (888) 300-3362 x302 or via email at This e-mail address is being protected from spam bots, you need JavaScript enabled to view it .
The law firm of Dyer & Berens LLP focuses on complex class action litigation on behalf of injured consumers and investors throughout the nation. For more information about the firm, please go to www.DyerBerens.com.
Contact: Jeffrey A. Berens Dyer & Berens LLP 303 East 17th Avenue, Suite 300 Denver, CO 80203 Tel: (888) 300-3362 or (303) 861-1764 Email: |