Search for: "Wells Fargo Financial Bank"
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25 Jan 2017, 6:28 am
Wells Fargo and Company was fined $185 million as result of the allegations.Out of the 5,000 bank employees that were fired because of the scandal, there were an unidentified number of registered securities brokers who were part of the group of wrongdoers. [read post]
18 Jan 2017, 7:41 am
" Cordray and the CFPB have taken on big banks like Wells Fargo as well as shady payday lenders. [read post]
17 Jan 2017, 6:21 am
The reason for the elimination of this bonus compensation for advisors stems from the most recent scandal involving Wells Fargo Advisors’ parent bank Wells Fargo & Co. [read post]
4 Jan 2017, 9:48 am
Wells Fargo & Co. will pay $35.5 million to more than 500 black financial advisors and trainees according to the settlement agreement filed Friday. [read post]
29 Dec 2016, 9:30 pm
MAY The Consumer Financial Protection Bureau (CFPB) proposed a new rule that would prohibit financial firms from using mandatory arbitration clauses in consumer contracts—clauses that were the subject of a highly critical New York Times investigation and that the CFPB says deny consumers’ rights to bring class action, even though advocates of arbitration say the clauses are a more expedient way to resolve… [read post]
23 Dec 2016, 12:00 pm
They claimed Wells Fargo fired them as an example to other employees. [read post]
23 Dec 2016, 1:00 am
Karp, Paul, Weiss, Rifkind, Wharton & Garrison LLP, on Sunday, December 18, 2016 Tags: Board monitoring, Boards of Directors, CFPB, Compliance & ethics, Corporate culture, Financial regulation, Incentives, Management, Misconduct, Oversight, Risk-taking, Transparency, Wells Fargo The Wells Fargo Cross-Selling Scandal Posted by Brian Tayan, Stanford Graduate School of Business, on Monday, December 19, 2016 Tags: Accountability, Bank… [read post]
22 Dec 2016, 8:40 am
Wells Fargo took the biggest hit, as FINRA fined the bank’s securities and brokerage units a combined $5.5 million. [read post]
19 Dec 2016, 7:44 am
This comes after its parent bank , Wells Fargo & Co. [read post]
15 Dec 2016, 9:30 pm
Wells Fargo now must “file a revised submission addressing the remaining deficiencies by March 31, 2017. [read post]
13 Dec 2016, 3:31 pm
Since these arbitration agreements are an attempt by Wells Fargo to stay out of the court room and settle disputes privately, the Consumer Financial Protection Bureau has proposed to prohibit banks from blocking future class action lawsuits brought on by customers. [read post]
13 Dec 2016, 3:31 pm
Since these arbitration agreements are an attempt by Wells Fargo to stay out of the court room and settle disputes privately, the Consumer Financial Protection Bureau has proposed to prohibit banks from blocking future class action lawsuits brought on by customers. [read post]
9 Dec 2016, 8:11 am
Donnarumma told clients in an email that Wells Fargo Bank was prepared to close a standby letter of credit purchase transactions. [read post]
6 Dec 2016, 8:21 pm
The bank can argue that once the customers created a contractual relationship with Wells Fargo, they agreed that future actions of Wells Fargo relating to the accounts or services fell under the arbitration provision in that contract. [read post]
6 Dec 2016, 8:21 pm
The bank can argue that once the customers created a contractual relationship with Wells Fargo, they agreed that future actions of Wells Fargo relating to the accounts or services fell under the arbitration provision in that contract. [read post]
6 Dec 2016, 8:17 am
Wells Fargo Bank NA. [read post]
6 Dec 2016, 8:17 am
Wells Fargo Bank NA. [read post]
2 Dec 2016, 10:24 am
But the CFPB made clear in its warning to companies that its concerns over sales practices go beyond situations similar to Wells Fargo’s fake account scandal. [read post]
2 Dec 2016, 10:24 am
But the CFPB made clear in its warning to companies that its concerns over sales practices go beyond situations similar to Wells Fargo’s fake account scandal. [read post]
29 Nov 2016, 2:43 pm
Wells Fargo still doesn’t get it. [read post]
