wells fargo

Taber Andrew Bain

Feds Investigating Wells Fargo Sudden Account Closures

Last year, federal regulators fined Wells Fargo $185 million for its fake account fiasco in which employees were found to have opened more than two million accounts without customers’ authorization. Now, the bank says it’s under investigation for wrongly closing some accounts.  [More]

Taber Andrew Bain

Wells Fargo Accused Of Overcharging Small Businesses

The scandals and accusations continue to mount for Wells Fargo. This time, the banking giant is being accused of overcharging small businesses to process credit card transactions. [More]

Mike Mozart

Did Wells Fargo Fail To Refund Customers’ Auto Insurance?

Only weeks after being accused of pushing hundreds of thousands of auto loan customers into paying for unwanted and unnecessary insurance plans, Wells Fargo finds itself in another possible insurance scandal, with banking regulators investigating claims that Wells allegedly failed to refund insurance money to some borrowers who paid off their car loans early. [More]

the-specious

Wells Fargo Subpoenaed Over Alleged Insurance Scheme That Resulted In 25,000 Vehicle Repossessions

Less than a week after a report alleged, and Wells Fargo admitted, to charging its auto loan customers for unnecessary and unwanted insurance, the bank has been subpoenaed by New York state banking and insurance regulators over the matter.  [More]

(Mike Mozart)

Wells Fargo Customers Sue Bank Over Alleged Insurance Scheme That Led To Vehicle Repossessions

After a recent report alleged that Wells Fargo had charged its auto loan customers for unnecessary and unwanted insurance — resulting in 25,000 repossessed vehicles — the bank now faces a lawsuit from one of those borrowers. [More]

Mike Mozart

Report: 25,000 Wells Fargo Customers Lost Vehicles After Bank Charged For Unwanted Insurance

Nearly 25,000 Wells Fargo customers, including many servicemembers, lost their vehicles after failing to pay for unneeded, unwanted insurance the bank charged them for, according to a new report suggests.  [More]

the-specious

Wells Fargo Accidentally Handed Over A Bunch Of Confidential Info On Its Rich Clients

After having a heckuva time dealing with backlash over its recent fake accounts fiasco, Wells Fargo has another debacle on its hands: A new report says a lawyer for the bank accidentally released a whole lot of confidential information about tens of thousands of its richest clients. [More]

Mike Mozart

Wells Fargo Accused Of Adding Years To Modified Mortgages Without Telling Borrowers

As the country tried to crawl out of the last recession, homeowners all across America sought mortgage modifications to make their home loans more manageable. However, some homeowners say that Wells Fargo not only modified their loans without asking, but that this lower rate added years — perhaps decades — to the terms of their mortgages. [More]

the-specious

Philadelphia Accuses Wells Fargo Of Discriminating Against Minority Mortgage Borrowers

Philadelphia has become the latest city to accuse one the nation’s largest banks of deliberately pushing minority mortgage applicants into home loans that cost more than these borrowers would have received if they were white. [More]

eric_harvieux

Supreme Court Says Cities Can Sue Banks Over Fair Housing Violations

The U.S. Supreme Court ruled this morning that cities are allowed to sue banks for alleged violations of the Fair Housing Act if the city is able to show that it was harmed by a bank’s discriminatory actions. [More]