In many states, various forms of public aid are placed on Electronic Benefit Transfer (EBT) cards that are then used by recipients to buy food and other necessary purchases. However, EBT users can’t always just walk into a bank to transfer funds from a card to another person’s checking account.
The other day we asked you how you’d respond to stumbling upon $1,800 in cash left behind at an ATM by another bank customer. But what if that money — or, say, 38 times that amount of money — suddenly popped up in your bank account through no fault of your own?
We’ve written some incredibly sad stories about homeowners trapped in the mortgage meltdown maze, and this one certainly ranks up there among the most depressing. Not just because a man is dead, but because it could have all been prevented more than three years ago.
Though it hasn’t been formally accused of anything by the government, Wells Fargo let it be known in a filing with the Securities & Exchange Commission that the Justice Dept. may soon be alleging the bank was involved in discriminating against minority mortgage applicants.
A woman in Milwaukee is paying for a crime she committed 40 years ago by losing her job. Wells Fargo found out during a background check that she had shoplifted in 1972, and subsequently fired her. She thinks she’s already paid her time for that crime, but Wells Fargo’s policies disagree.
Keeping your belongings safely tucked away in a safe deposit box is a great idea. But when your only photo identification is a passport that happens to be inside that box, it might prove troublesome. A man trying to fly to India to visit his ailing mother was prevented from going anywhere when Wells Fargo put up a fight over his safe deposit box.
A woman who suffers from cerebral palsy and uses a motorized wheel chair was arrested after protesting the foreclosure of her home outside the house of Wells Fargo Bank Chief Financial Officer Tim Sloan. She claims she’s being punished for a stay in the hospital.
Consumerist reader Andrea has had checking and credit card accounts at Wells Fargo for several years, but she recently noticed that somewhere along the line the bank had enrolled her in something called “Credit Defense,” which has been quietly siphoning off a small percentage-based fee every month. And even though Wells could offer no proof that Andrea had ever opted into the program, the bank would not refund her money.
While mortgage servicers are getting their hats handed to them on a collective basis, a federal judge is taking issue with Wells Fargo over their dealings with a single homeowner, to the tune of $3.1 million in punitive damages. The bankruptcy judge called Wells Fargo’s behavior “highly reprehensible” in the recent decision.
Five years after a NJ man thought he’d closed his former business’s two lines of at Wachovia, he was hit with one heck of a surprise by the bank’s new owner Wells Fargo: He had somehow racked up more than $1,500 on one of those accounts, without ever having received a statement.
It’s just like reality TV, but not at all — America, here are your top five big greedy banks, and here is the $25 billion mortgage settlement they’re all going home with, now that a federal judge has approved it. That’s their load to carry, after allegations of foreclosure abuses and misconduct in servicing home loans.
As we sifted through the mountain of nominations for this year’s Worst Company In America tournament, we noticed a trend of readers who cited companies’ mandatory binding arbitration clauses as a reason for nominating. And while it’s businesses like AT&T and Sony that have made all the headlines for effectively banning class action lawsuits, there are a lot of other WCIA contenders who are forcing customers into signing away their rights.
Welcome to Day 2 of corporate carnage in the Worst Company In America Octagonal Steel Cage! Starting things off for today is another pair of bloodthirsty bankers out to prove they are just as astoundingly inept as any other business in the bracket.
The last few years have seen numerous settlements between the nation’s biggest mortgage lenders and various federal and state authorities. And while we hear numbers like “a total of $25 billion,” exactly which banks are responsible for the biggest chunks of these settlements?
Nick was giving a presentation at a conference in Albuquerque, and needed to print out a revised version of his notes. He didn’t count on the printers in the business center of his hotel being out of order, and the downtown devoid of life, retail, and even Kinko’s outlets. Lacking transportation away from the hotel, he tried to think of alternate ways to meet his printing needs. That was when he saw the shimmering green Wells Fargo office tower… and formulated a wacky plan to put his bank to work for him.
More than a year after several of the nation’s largest mortgage lenders temporarily suspended foreclosures after it was revealed that they had been using untrained, unqualified “robosigners” to process foreclosure documents, the U.S. Justice Dept. and the attorneys general of 49 states have announced a $25 billion settlement that will result in mortgage reductions to some homeowners.
Craig’s Wells Fargo debit card was flagged for fraud because he was trying to buy a speaker at a high-traffic Apple Store. A merchant he made a recent purchase from has been hacked, and he will receive a new debit card soon. He’s finally receiving an “upgraded” Wells Fargo card for his former Wachovia account, even though the account changed over more than a year ago.
Each of these stories has been told to Craig on separate interactions with Wells Fargo. The problem is, he doesn’t know which one is true. And neither does anyone at Wells Fargo, apparently.