thisisbossi

Amazon No Longer Marketing Private Student Loans To Prime Members

Just a month after Amazon announced it would partner with Wells Fargo to offer Prime members a discount on private student loans, nearly all traces of the criticized program have disappeared.  [More]

Great Beyond

Airbnb Hosts Having Difficulty Refinancing Homes

Until recently, home loans generally covered two types of properties: primary residences or investments. That was before services like Airbnb allowed anyone with an extra room to make a bit of extra money by renting it out for short periods of time. This blurred line between “my house” and “my investment” is causing trouble for some homeowners when they go to refinance their mortgages. [More]

Mike Mozart

Why Are There Still So Many Bank Branches Everywhere? Because You Keep Going.

If you live in a certain kind of urban area, you see it all the time: those new mixed-use buildings go up, and on the ground floor of practically every single one there’s a bank branch or two. And if you thought to yourself, “Why are there so freaking many bank branches opening in an era when all the young folk living in those buildings bank by phone?” you’re not alone. But it turns out there’s an easy reason that bank branches keep proliferating: customers are using ’em.

[More]

thisisbossi

Amazon & Wells Fargo Hope That A Partnership And Discounts Will Entice You Into A Private Student Loan

Pay $99/year — or $10/month — for an Amazon Prime membership and you’ll get a slew of benefits like free two-day shipping on thousands of items, free streaming Prime video access, and more. Soon, college-aged members will also be eligible for a 0.50% interest rate discount on new loans. [More]

Wells Fargo Must Remove Signs Built To “Photo Bomb” New Minnesota Vikings Stadium

Wells Fargo Must Remove Signs Built To “Photo Bomb” New Minnesota Vikings Stadium

Our brief regional nightmare is over, after a federal court ordered Wells Fargo to take down two rooftop signs erected to cash in on the impending media coverage of the new Minnesota Vikings stadium in Minneapolis. [More]

Bikeoid

Wells Fargo Set To Launch Its Own Digital Wallet On Android Devices

Retailers, tech companies, wearable makers, and banks have been clamoring to create and launch digital wallets that allow consumers to make payments with the tap of a phone. Today, Wells Fargo is reportedly poised to throw its hat into this arena. [More]

Mike Mozart

Former Wells Fargo Employee Claims Bank Defrauded Government Of $1.4B In Foreclosure Funding

There has been no shortage of lawsuits filed against Wells Fargo in recent years, from accusations the bank pushed mortgages on borrowers who couldn’t repay them to claims the company pressed employees to engage in fraudulent conduct with regard to customer accounts. Now, a recently unsealed whistleblower lawsuit melds together those issues, claiming the bank encouraged employees to withhold information from customers that could potentially lead to foreclosure proceedings.  [More]

Mike Mozart

Wells Fargo To Pay $8M To Settle West Virginia Lawsuit Against Company It Acquired in 2001

Eleven years ago, West Virginia accused an insurance broker called Acordia of improperly pocketing millions of dollars in commissions. Acordia is now doing business under the Wells Fargo banner, and the big bank has agreed to pay $8 million to settle this decade-old lawsuit. [More]

Judge Tells Minnesota Vikings & Wells Fargo To Settle Stadium “Photo Bombing” Spat

Judge Tells Minnesota Vikings & Wells Fargo To Settle Stadium “Photo Bombing” Spat

It’s the first week of baseball season, and pro hockey and basketball teams are making their final pushes for the playoffs, so the last thing on many sports fans’ minds is football. Perhaps that’s why the judge in the “photo bombing” spat between the Minnesota Vikings and Wells Fargo is telling the two parties to stop wasting everyone’s time and just work something out. [More]

Mike Mozart

Wells Fargo Must Pay $203M To Customers After Supreme Court Rejection

Nearly six years after a federal court ordered Wells Fargo to pay $203 million in refunds to customers victimized by the bank’s overdraft policies — and after years of bouncing back and forth through the appeals process — the U.S. Supreme Court has decided to let that judgment stand. [More]

Michael Daddino

Facebook, Reddit, Wells Fargo, Bank Of America CEOs Among Those Urging North Carolina To Repeal New Anti-LGBT Law

Earlier this month, in a hurried legislative process, North Carolina lawmakers passed HB2, a bill that overrides and prevents local governments from establishing anti-discrimination rules against gay and transgender people. This morning, advocacy groups delivered a letter to NC Gov. Pat McCrory signed by top executives from more than 100 companies, all calling for the state to repeal the law. [More]

Taber Andrew Bain

Wells Fargo To Pay $8.5M For Recording Calls Without Telling Customers

California law requires that, before any party involved in a phone call can record the conversation, all parties must be made aware they are being recorded. Violations of that law can get quite costly; just ask Wells Fargo, which has to ante up $8.5 million to close a state investigation into the bank’s repeated invasions of privacy. [More]