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
Wells Fargo Must Remove Signs Built To “Photo Bomb” New Minnesota Vikings Stadium
By 6.24.16
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]
Wells Fargo Set To Launch Its Own Digital Wallet On Android Devices
By 5.24.16
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]
Former Wells Fargo Employee Claims Bank Defrauded Government Of $1.4B In Foreclosure Funding
By 5.16.16
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]
Wells Fargo To Pay $8M To Settle West Virginia Lawsuit Against Company It Acquired in 2001
By 4.26.16
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
By 4.8.16
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]
Wells Fargo Must Pay $203M To Customers After Supreme Court Rejection
By 4.4.16
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]
Facebook, Reddit, Wells Fargo, Bank Of America CEOs Among Those Urging North Carolina To Repeal New Anti-LGBT Law
By 3.31.16
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]
Wells Fargo To Pay $8.5M For Recording Calls Without Telling Customers
By 3.29.16
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]
Student Loan Companies Tell Congress: Debt-Collection Robocalls Are In Borrowers’ Best Interest
By 3.10.16
Show me someone who supports robocalls, and I’ll show you someone that has very few friends. Which is why it’s baffling that the Senate has yet to act on a bill introduced last fall that would close a loophole allowing the government to make debt-collection robocalls. But you know who does support robocalls? The student loan companies that are currently trying to convince Congress that these invasive annoyances are really for our benefit. [More]
Wells Fargo Corporate Banking Clients Can Soon Stare Deeply Into Their App To Sign In
By 3.7.16
Until we get to a Minority Report-like future, we’re all carrying around some unique forms of identification that even the most talented identity thieves can’t steal: our bodies. In an effort to beef up security by taking advantage of customers’ unique phyiscal attributes, Wells Fargo will offer some clients the option of signing into their mobile app accounts with eye scan verification, or face and voice recognition. [More]
Wells Fargo To Pay $1.2 Billion To Settle Govt. Lawsuit Over “Reckless” Mortgages
By 2.3.16
In Oct. 2012, the U.S. Department of Justice sued Wells Fargo, alleging that the mega-bank had defrauded taxpayers by issuing “reckless” mortgages then misleading the Federal Housing Administration about the quality of those loans. Today, Wells revealed that has agreed to pay $1.2 billion to close the book on this issue. [More]
West Virginia Woman Sues Wells Fargo Over Alleged Home Loan Modification Misrepresentations
By 2.1.16
When you’re going through the often-tedious process of refinancing your mortgage, getting some bad information can only serve to make things worse. That’s why a West Virginia woman is suing Wells Fargo, alleging that the bank told her to stop making loan payments then put her into collections and foreclosure.
[More]
Wells Fargo Mocks Minnesota Vikings’ “Photo Bomb” Lawsuit
By 1.11.16
A few weeks back, the Minnesota Vikings sued Wells Fargo, accusing the bank of trying “photo bomb” the team’s new stadium. Wells has since fired back, calling the whole thing “far-fetched.” [More]
Minnesota Vikings Sue Wells Fargo For Attempting To “Photo Bomb” New Stadium
By 12.23.15
When you build a new multibillion-dollar stadium for an NFL franchise, you probably want to make sure that advertisers are paying for their name on or in the building, not just near it. And you probably want to ensure that those advertisers who do pay for their name on the building aren’t being overshadowed by the neighbors. Which is why the Minnesota Vikings are suing Wells Fargo. [More]
Wells Fargo’s High-Pressure Sales Strategy Probed By Federal Regulators
By 11.30.15 — Updated: 9.30.16
Six months after the Los Angeles City Attorney filed a lawsuit accusing Wells Fargo of a slew of unfair practices — like encouraging employees to open unauthorized consumer accounts and then charging those accounts phony fees to meet sales expectations — two other regulatory agencies have opened investigations into the bank’s behavior. [More]
Wells Fargo To Pay $81.6M To Homeowners In Bankruptcy For Failure To Provide Payment Notices
By 11.5.15
Wells Fargo has agreed to pay $81.6 million in relief to homeowners after the bank repeatedly failed to provide them with proper legal notices during bankruptcy proceedings.
[More]
Xerox’s Federal Student Loan Servicing Under Investigation Over Inaccuracies, Overcharges
By 11.3.15
When you think of Xerox, photos of large, office printers is likely the first thing to come to mind. But it turns out the company also dabbles in the education business. And it’s that venture that federal investigators are probing after discovering nearly a decade of errors. [More]
