From the New Jersey Law Journal (subscription only):
A West Berlin attorney claims in a putative class action that Wells Fargo & Co. has refused to process direct mortgage payments so that it can collect late fees and surcharges. The lender has insisted that mortgage payments be made via cashier’s checks or money orders as part of a “scheme” to impede transactions and collect money above that owed on the mortgage, according to the complaint in Guralnick v. Wells Fargo & Co., 11-cv-373. Wells Fargo allegedly would not accept wire transfers, online banking payments and other direct payments even from its affiliate, Wachovia Bank, according to Mark Guralnick and his wife, who are Wachovia customers who have a Wells Fargo mortgage on their home in Voorhees. The suit, in behalf of a putative class of 1,000 or more New Jersey homeowners, was filed on Nov. 29 in Camden County Superior Court and removed to federal court on Jan. 20.