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  The CFPB’s civil penalties against Wells Fargo stem from illegal conduct regarding its auto loans, mortgages and deposit accounts which occurred over the last few years. [read post]
15 Aug 2012, 8:25 am
The settlement agreed upon by Wells Fargo, McMurty and the SEC calls for Wells Fargo to pay a $6.5 million penalty, $65,000 in disgorgement, and $16,571.96 in prejudgment interest. [read post]
12 Jul 2012, 1:03 pm by Deepak Gupta
Wells Fargo Bank, the largest mortgage lender in the country, has agreed to pay more than $175 million in a landmark settlement with the Justice Deparment over allegations of racial discrimination against African-American and Hispanic borrowers. [read post]
14 Sep 2011, 6:14 am
Wells Fargo, which purchased Wachovia in 2008, has reached a settlement with investors which claimed Wachovia misled investors on the sale of securities between 2006 and 2008. [read post]
On February 12, 2020, Garrison, Levin-Epstein, Fitzgerald & Pirrotti filed a Superior Court complaint on behalf a longtime private mortgage banker at Wells Fargo. [read post]
28 Feb 2012, 3:07 pm by By MICHAEL J. DE LA MERCED
Goldman Sachs and Wells Fargo disclosed that they were facing inquiries from the Securities and Exchange Commission over mortgage-related investments that the firms offered to investors. [read post]
18 Apr 2008, 9:01 pm
About Wells Fargo Wells Fargo & Company (NYSE:WFC) is a diversified financial services company with $575 billion in assets, providing banking, insurance, investments, mortgage and consumer finance through almost 6,000 stores and the internet (wellsfargo.com) across North America and internationally. [read post]
17 Aug 2012, 11:10 am
The Wells Fargo case involved investments sold from January to August 2007, as the subprime mortgage crisis was brewing. [read post]
5 Apr 2011, 1:51 pm by Jenna Greene
Wells Fargo Securities agreed to pay $11 million in disgorgement and penalties to settle U.S. [read post]
3 Sep 2019, 1:49 pm by DanSchlanger
In 2018, our client entered into a variable rate mortgage agreement with the Wells Fargo Bank, N.A. in order to purchase a residential home. [read post]
9 Jul 2011, 8:46 am
Wells Fargo & Co. has agreed to pay $125 million to a group of pension funds to settle a class action filed by various public pension funds that purchased billions of dollars of mortgage-backed securities believing their money was in AAA-backed investments, according to a Wall Street Journal article by David Benoit entitled “Wells Fargo Settles Pension-Fund Mortgage Suit. [read post]
5 Mar 2018, 11:57 am by Lax & Neville LLP
Wells Fargo also found that it had improperly over-charged 800,000 auto loan customers, and 110,000 mortgage customers – Wells Fargo is now refunding approximately $100 million to these improperly charged customers. [read post]
15 Jun 2011, 9:53 pm by Tomassi Law Associates
About Wells Fargo Wells Fargo Home Mortgage is the nations leading mortgage lender and services one of every six mortgage loans in the nation. [read post]
17 Nov 2012, 12:47 pm
Wells Fargo Bank may be the largest mortgage loan originator in the country, but the Department of Justice says that Wells Fargo continues to violate the terms of a settlement reached in July, 2012. [read post]
12 Jun 2012, 2:47 pm by Leah Nicholls
Back in 2008, we reported on the suit that the City of Baltimore had filed against Wells Fargo alleging that the bank had targeted African-American neighborhoods in Baltimore for deceptive, predatory, and otherwise unfair mortgage practices. [read post]
28 Nov 2007, 5:02 am
Wells Fargo & Company, the nation's second-largest mortgage lender, said Tuesday that it would take a $1.4 billion fourth-quarter charge for losses it anticipated in connection with home loans. [read post]
1 Aug 2018, 1:58 pm by Stephanie Abbott
Wells Fargo Bank, N.A. and several of its affiliates (Wells Fargo) will pay a civil penalty of $2.09 billion under the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) based on the bank’s alleged origination and sale of residential mortgage loans that it knew contained misstated income information and did not meet the […] The post Wells Fargo Agrees to Pay Penalty for Allegedly Misrepresenting… [read post]
3 Sep 2019, 1:49 pm by schlangerlaw
In 2018, our client entered into a variable rate mortgage agreement with the Wells Fargo Bank, N.A. in order to purchase a residential home. [read post]