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9 May 2017, 7:34 am
John’s University School of Law, has written “Free-Market Failure: The Wells Fargo Arbitration Clause Example,” 70 Rutgers U.L. [read post]
4 May 2017, 6:44 pm
Wells Fargo Bank, NA v Null, 304 Mich App 508, 537; 847 NW2d 657 (2014); Detroit Int’l Bridge Co v Commodities Export Co, 279 Mich App 662, 672; 760 NW2d 565 (2008). [read post]
4 May 2017, 1:45 pm
Kristine Phillips in the Washington Post reports on an alleged immigrant banking scandal: "On “Hit the Streets Thursday,” Wells Fargo bankers and tellers, specifically those of Latino descent, scouted the streets and Social Security offices for potential clients. [read post]
4 May 2017, 7:34 am
Specifically, Richard asked the court to award him an amount equal to roughly one-half of the total sum contained in five Wells Fargo accounts, which would mean an award of just over $500,000. [read post]
1 May 2017, 11:35 am
From SCOTUSBlog:The Supreme Court handed a partial but significant victory to cities today, holding that the Fair Housing Act allows the city of Miami to bring a lawsuit alleging that two banks, Bank of America and Wells Fargo, violated the law when they issued riskier but more costly mortgages to minority customers than they had offered to white borrowers. [read post]
1 May 2017, 9:38 am
The Supreme Court handed a partial but significant victory to cities today, holding that the Fair Housing Act allows the city of Miami to bring a lawsuit alleging that two banks, Bank of America and Wells Fargo, violated the law when they issued riskier but more costly mortgages to minority customers than they had offered to white borrowers. [read post]
1 May 2017, 9:28 am
., rejected the argument made by the Bank of America and Wells Fargo that Congress did not intend to give city governments the right to sue to enforce the federal Fair Housing Act. [read post]
28 Apr 2017, 6:02 am
Gonzalez, Paul, Weiss, Rifkind, Wharton & Garrison LLP, on Saturday, April 22, 2017 Tags: Accountability, Bank boards, Banks, Boards of Directors, Compliance & ethics, Consumer protection, Corporate culture, Financial institutions, Financial regulation, Management, Misconduct, Oversight, Risk oversight, Wells Fargo One Take on the Report of the Independent Directors of Wells Fargo: Vote the Bums Out Posted by Howell E. [read post]
28 Apr 2017, 5:12 am
Solely going by the allegations in its claim, it looked like a major six-figure payday for Wells Fargo. [read post]
27 Apr 2017, 6:08 am
Solely going by the allegations in its claim, it looked like a major six-figure payday for Wells Fargo. [read post]
27 Apr 2017, 6:02 am
Wells Fargo Advisors, LLC, Respondent (FINRA... [read post]
26 Apr 2017, 6:12 am
An internal report from independent Wells Fargo directors and the law firm, Shearman & Sterling, has recently laid out in detail the sorry story of systemic consumer fraud that began 15 years ago in 2002. [read post]
26 Apr 2017, 6:12 am
An internal report from independent Wells Fargo directors and the law firm, Shearman & Sterling has recently laid out in detail the sorry story of systemic consumer fraud that began 15 years ago in 2002. [read post]
25 Apr 2017, 11:30 am
I have a hard time reconciling this fee petition to the one from the lawyers representing the class in the Ehrenhaus case (which challenged the merger years ago between Wachovia and Wells Fargo). [read post]
23 Apr 2017, 10:00 pm
Wells Fargo Bank, No. 16-1130 (E.D. [read post]
22 Apr 2017, 2:28 pm
Next Tuesday, the 25th of April, the shareholders of Wells Fargo will meet for the first time since the news of the massive Wells Fargo mis-selling scandal broke last September when the firm was hit with penalties of $185 million for opening 1.5 million bank accounts and issuing 565,000 credit cards for customers without their consent. [1] In recent weeks, the two leading proxy advisory firms have recommended negative votes many of the directors serving on the… [read post]
22 Apr 2017, 2:28 pm
Next Tuesday, the 25th of April, the shareholders of Wells Fargo will meet for the first time since the news of the massive Wells Fargo mis-selling scandal broke last September when the firm was hit with penalties of $185 million for opening 1.5 million bank accounts and issuing 565,000 credit cards for customers without their consent. [1] In recent weeks, the two leading proxy advisory firms have recommended negative votes for many of the directors serving on the… [read post]
22 Apr 2017, 6:48 am
On April 10, 2017, a committee of independent directors of Wells Fargo released a 110-page report on the results of an investigation into the root causes of improper sales practices at Wells Fargo’s Community Bank (the “Community Bank”). [1] The report will likely be studied by regulators, congressional committees, financial institutions, and other companies for insights into the causes of problematic sales practices and, more broadly, insights… [read post]
22 Apr 2017, 6:48 am
On April 10, 2017, a committee of independent directors of Wells Fargo released a 110-page report on the results of an investigation into the root causes of improper sales practices at Wells Fargo’s Community Bank (the “Community Bank”). [1] The report will likely be studied by regulators, congressional committees, financial institutions, and other companies for insights into the causes of problematic sales practices and, more broadly, insights… [read post]
21 Apr 2017, 6:21 am
According to the report, since-fired Wells Fargo executive Carrie Tolstedt told examiners that the high volume of complaints actually was a good sign. [read post]
