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21 Nov 2016, 9:53 am by Dean Freeman
  The alleged scheme is similar to what we saw with the recent Wells Fargo bank scandal, in which bank employees were put under enormous pressure to meet unrealistic sales goals, driving a huge number of them to unwittingly sign up customers for new accounts they never asked for or approved. [read post]
21 Nov 2016, 9:53 am by Dean Freeman
  The alleged scheme is similar to what we saw with the recent Wells Fargo bank scandal, in which bank employees were put under enormous pressure to meet unrealistic sales goals, driving a huge number of them to unwittingly sign up customers for new accounts they never asked for or approved. [read post]
20 Nov 2016, 5:17 pm by Kevin LaCroix
Coffee cites the Wells Fargo clawback provisions as “a model,” and indeed the clawback provisions did allow Wells Fargo to recoup compensation paid to company executives who presided over programs that harmed the company and damaged its reputation. [read post]
19 Nov 2016, 9:30 am by Richard Symmes
  Just this year the CFPB has settled large disputes with Wells Fargo for opening bank accounts that nobody wanted and large debt collectors such as Midland Funding and Portfolio Recovery for unscrupulous debt collection practices. [read post]
11 Nov 2016, 10:02 am by Richard Symmes
  This company buys debts for pennies on the dollar from legitimate banks such as Wells Fargo, Citi Bank or Chase who have determined that it will cost them more money to try and collect on the debt themselves rather than sell your debt to a third party debt collector such as Portfolio Recovery Associates. [read post]
11 Nov 2016, 9:28 am by Nassiri Law
Wells Fargo Bank – Bank Under Fire for Alleged Wage Theft, Oct. 23, 2016, Orange County FMLA Lawyer Blog [read post]
11 Nov 2016, 6:43 am by Staff Writer
  Wells Fargo, a company with a storied history in this country, engaged in fraud on a herculean level when thousands of its employees opened accounts and moved funds about resulting in bank customers being charged fees for services they knew nothing about. [read post]
9 Nov 2016, 9:58 am by Robert B. Lamm
  Lost in the piles of paper and ink (real and virtual) expended on the Wells Fargo scandal is an article that appeared in The Wall Street Journal a few weeks ago suggesting that the beleaguered bank will benefit from its post-oops decision to separate the positions of CEO and Chairman of the Board. [read post]
3 Nov 2016, 9:30 pm by Justin Daniel
Wells Fargo’s quarterly filing to regulators revealed that the U.S. [read post]
31 Oct 2016, 9:30 pm by Sophia Yan
Most of his discussion was centered on the recent Wells Fargo scandal and the ensuing Senate hearing. [read post]
30 Oct 2016, 2:43 pm by Richard Symmes
  This company buys debts for pennies on the dollar from legitimate banks such as Capital One, Wells Fargo, Citi Bank or Chase who have determined that it will cost them more money to try and collect on the debt themselves rather than sell your debt to a third party debt collector such as Cavalry SPV I LLC. [read post]
28 Oct 2016, 7:08 am by Sarah Tate Chambers
In early August, eight of the big banks—Wells Fargo, J.P. [read post]
25 Oct 2016, 2:27 am by Broc Romanek
Another example is the likelihood of Wells Fargo receiving a bunch of new proposals in the wake of its $185 settlement with the CFPB – see this Reuters article about some of those proposals that the company recently received (also see this ICCR press release). [read post]
24 Oct 2016, 7:02 pm by Sabrina I. Pacifici
” See also the New York Times DealBook – Voices From Wells Fargo: ‘I Thought I Was Having a Heart Attack’: “The scandal at Wells Fargo over the creation of unauthorized accounts shook its customers’ faith in the bank, but it took an even sharper toll on the company’s workers. [read post]