S&P Global Market Intelligence rounds up a selection of recent legal and regulatory developments in the bank space.
* Wells Fargo faces lawsuit over auto insurance policies
Wells Fargo & Co. is facing a lawsuit accusing the bank of trying to "bilk millions of dollars from unsuspecting customers who were forced to pay for auto insurance they did not need or want."
* BOK Financial lists legal matters; expects no material effect on finances
Tulsa, Okla.-based BOK Financial Corp. is facing several litigation and arbitration cases.
* Former credit union CEO charged with theft, arson
Former Aberdeen, Wash.-based G H Woodworkers FCU President and CEO Krista Putman is facing two counts of first-degree theft and one count of second-degree arson, the Credit Union Times reported July 27, citing Katherine Svoboda, prosecuting attorney for Grays Harbor County. The credit union merged into Great Northwest FCU in January.
* Ex-Yadkin Bank exec fires back with age, gender discrimination charges
After being accused of plotting to organize a mass departure from Yadkin Bank, a former mortgage executive accused the bank of age and gender discrimination, Triangle (Raleigh, N.C.) Business Journal reported July 21. Yadkin was purchased by F.N.B. Corp. in March.