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27 Sep 2016, 1:07 pm by Miracle Jones
Wells Fargo [corporate website] shareholders on Monday filed [press release] suit against the banking conglomerate over their allegedly deceptive sales practices. [read post]
27 Sep 2016, 10:57 am by Adam Levitin
 The Fed only did one origination-related action, and that was in July 2011 relating to some specific problems with Wells Fargo. [read post]
26 Sep 2016, 9:58 am by Susanna Leighton
After a Senate hearing held Tuesday, September 20, 2016, regarding the illegal creation of millions’ of fraudulent accounts by corporate giant Wells Fargo, it has been reported two of the bank’s former employees have filed a class action lawsuit in California in which they are seeking more than $2.6 billion in damages for employees whoThe post Wave of Backlash Against Wells Fargo Swells appeared first on Legal Reader. [read post]
26 Sep 2016, 5:58 am by Staci Zaretsky
[ABA Journal] * In anticipation of further fallout from its fake accounts scandal, Wells Fargo has hired Shearman & Sterling to advise the bank's board as to the legal ramifications of a possible clawback of pay from Chief Executive Officer John Stumpf, Chief Operating Officer Tim Sloan, and Carrie Tolstedt, the former head of community banking. [read post]
25 Sep 2016, 11:18 am by Emelina Perez
According to the lawsuit, Wells Fargo was aware [Reuters report] that their strict sales quotas were... [read post]
25 Sep 2016, 11:02 am by Sabrina I. Pacifici
Wells Fargo declined to comment on the suit which was filed Friday in U.S. [read post]
24 Sep 2016, 2:54 am by John Lande
In my post, Non-Apology Apologies, Part 2, I briefly described Wells Fargo’s acceptance of responsibility but refusal to apologize for its fraudulent practices in creating accounts without customers’ authorization. [read post]
23 Sep 2016, 10:17 am
Whatever it is, Wells Fargo comes out the victor in this settled FINRA arbitration. [read post]
23 Sep 2016, 5:59 am by Staci Zaretsky
” Many are hoping that the Department of Justice will use Wells Fargo's misconduct as its test case for getting tough on corporate executives responsible for corporate crime. [read post]
23 Sep 2016, 5:56 am
Unfortunately, a number of folks at Wells Fargo may be having an "ah ha! [read post]
23 Sep 2016, 5:47 am
Unfortunately, a number of folks at Wells Fargo may be having an "ah ha! [read post]
23 Sep 2016, 5:00 am by John Jascob
If the SEC had promptly entered a clawback rule, he posited, Wells Fargo executives may not have had the incentive to push for cross-selling. [read post]
23 Sep 2016, 4:56 am by Jon Hyman
 — via 1 Million for Work Flexibility What Hiring Managers Really Ask When They Call Your References — via Lifehacker Top Reasons to Mediate Employment Disputes — via The Labor and Employment Law Blog Wage & Hour The Pros and Cons of Requiring Workplace Arbitration — via California Employment Law The FLSA overtime rule, corporate subculture, and the “Wells Fargo effect” —… [read post]
22 Sep 2016, 12:58 pm by Robin Frazer Clark
I am willing to bet that none of the Wells Fargo customers knew they were waiving their right to a jury trial when they became customers of Wells Fargo. [read post]
22 Sep 2016, 7:57 am by Susanna Leighton
In addition to other illegalThe post Oh, The Wells Fargo Wagon Has Some Explaining To Do appeared first on Legal Reader. [read post]
22 Sep 2016, 7:31 am
Unfortunately, a number of folks at Wells Fargo may be having an "ah ha! [read post]
21 Sep 2016, 8:29 pm by Adam Levitin
 Heck, this all went on in Wells Fargo's "community banking" division. [read post]
21 Sep 2016, 7:58 pm by Adam Levitin
This rather expensive consent order should have been a giant red flag for Wells Fargo's compliance department, for Wells Fargo's board of directors, and for John Strumpf, Wells Fargo's Chairman/CEO. [read post]