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2 Dec 2016, 10:24 am by Philip R. Stein
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 by Philip R. Stein
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, 6:28 am by Adam Weinstein
” According to Fortune, firms such as UBS, Bank of America, Merrill Lynch, Morgan Stanley, Wells Fargo, and JP Morgan are recommending that their high net worth investors take out loans against their brokerage accounts at an alarming rate. [read post]
28 Nov 2016, 3:30 pm by Kathryn Rubino
* The political anger against big banking in general and Wells Fargo, specifically, could hurt their forced arbitration efforts. [read post]
28 Nov 2016, 8:59 am by Adam Levitin
As much as Evans says that he is against fraud and deception and wags his finger as Wells Fargo, this points to what Evans really wants at the end of the day:  a do-nothing CFPB. [read post]
28 Nov 2016, 5:57 am by Staci Zaretsky
" [Big Law Business] * Per recent TV ads, "Wells Fargo is making changes to make things right," but only if those changes don't involve public court records: Wells Fargo customers who had unauthorized accounts opened in their names have filed a class-action suit, but the bank is trying to quash their claims by forcing plaintiffs into arbitration. [read post]
25 Nov 2016, 10:00 am by Mark Astarita
Wells Fargo & Co. is facing increasing scrutiny from lawmakers over the potentially wrongful dismissals of financial advisers and other employees who pushed back on questionable practices during the bank's multiyear cross-selling scandal.The latest salvo comes from Sen. [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]
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, 5:13 am by Associated Press
The FBI said the man robbed a Wells Fargo on Saturday afternoon in Linthicum. [read post]
20 Nov 2016, 5:17 pm by Kevin LaCroix
Coffee also cites as an example of this phenomenon the recent banking account-opening scandal at Wells Fargo. [read post]
20 Nov 2016, 3:24 am by SHG
But then when I googled the number, it turned out that it really was a call from Wells Fargo. [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]
18 Nov 2016, 7:01 am by David M. Boertje
The California DOJ sent over a search warrant to Wells Fargo’s San Francisco headquarters on October 5. [read post]