Latest Wells Fargo Headlines
All the headlines from our Wells Fargo Topic Page, ordered by recency.
Wells Fargo Closing Down Its Personal Insurance Business
Nov 28 2017 // Wells Fargo & Co. announced it is exiting the personal insurance business and will immediately begin winding down its marketing. The company said the exit process should be completed during the first quarter of 2018....
Hub to Buy Wells Fargo Crop Insurance Broker Business
Nov 9 2017 // Global insurance broker Hub International Limited (Hub) has agreed to acquire the assets of the crop insurance broker business of Wells Fargo Insurance. Terms of the agreement to buy the business, known as Wells Fargo Crop...
Equifax, Wells Fargo May Still Face Class Actions Despite Wall Street Arbitration Win
Oct 26 2017 // Not every financial firm will be able to reap the benefit of Wall Street’s victory in dismantling the threat of class-action law suits. The U.S. Senate killed a rule late on Tuesday that allowed consumers to band...
Wells Fargo C-Suite Must Face Shareholder Lawsuit Over Fake Accounts: Judge
Oct 6 2017 // A federal judge said current and former Wells Fargo & Co. officers and directors, including Chief Executive Officer Tim Sloan, must face nearly all of a lawsuit by shareholders seeking to hold them personally liable...
Senators Quiz Wells Fargo CEO, Express Doubt Bank Will Change Ways
Oct 4 2017 // U.S. senators slammed Wells Fargo & Co. Chief Executive Tim Sloan on Tuesday for his handling of a massive sales practices scandal at the third-largest American bank and challenged him to allow aggrieved customers to...
Wells Fargo CEO to Face Senators Over Consumer Lending, Auto Insurance Sales Scandals
Oct 3 2017 // Wells Fargo & Co. CEO Tim Sloan will be questioned about sales practices, mischarging customers for auto insurance, and complaints about mortgage fees at the bank’s consumer lending unit when he testifies before...
Court Revives Whistleblower Claim Against Wells Fargo
Sep 10 2017 // Wells Fargo & Co. faces a new legal worry after a federal appeals court last Thursday revived a whistleblower lawsuit by two former employees who said they were fired for trying to report misconduct by lenders that the...
California Bill Would Force Wells Fargo to Court Over Fake Accounts
Sep 8 2017 // The California Legislature backed a measure this week that could require Wells Fargo to go to court with consumers who say they were harmed by the bank’s fake account scandal. The legislation would prohibit the San...
Woodruff-Sawyer Adds Wells Fargo’s Madlener as Vice President in Oregon
Sep 6 2017 // Woodruff-Sawyer & Co. has named Jeanna Madlener vice president, account executive/producer at the firm’s Oregon property/casualty practice. Madlener specializes in risk management and coverage placement for...
Wells Fargo’s Additional Fake Accounts Could Jeopardize $142M Settlement
Sep 6 2017 // Wells Fargo & Co.’s disclosure Thursday that employees may have opened significantly more unauthorized accounts than previously stated could jeopardize a $142 million class-action settlement with customers that...
Wells Fargo Sued Over Charges for Mortgage Interest Rate Lock
Aug 31 2017 // A homeowner has filed a lawsuit accusing Wells Fargo & Co. of improperly charging thousands of customers nationwide to lock in interest rates when their mortgage applications were delayed. Filed on Monday in San...
California Commissioner Launches Investigation into Wells Fargo
Aug 21 2017 // California Commissioner Dave Jones has ordered an investigation into recent allegations that Wells Fargo and National General Insurance improperly charged consumers for “force-placed” auto insurance for...
Senators Have Questions for Wells Fargo on Auto Insurance Scandal
Aug 10 2017 // A group of U.S. senators from both parties on Wednesday turned up the heat on Wells Fargo Inc. over its latest scandal, in which hundreds of thousands of car-loan borrowers were charged each month without their knowledge...
Yet Another Auto Insurance Issue for Wells Fargo: Reports
Aug 9 2017 // Wells Fargo & Co.’s U.S. regulators are looking into another issue involving insurance linked to auto loans as scrutiny of a key lending unit widens, according to people with knowledge of the matter. The Office...
National General Says It Acted Properly in Wells Fargo Insurance Business
Aug 9 2017 // National General Holdings Corp., the auto insurer that picked up business from Wells Fargo & Co. customers who didn’t realize they were buying the coverage, said it acted appropriately. “We believe that our...
California Commissioner Launches Investigation into Wells Fargo
Aug 8 2017 // California Commissioner Dave Jones has ordered an investigation into recent allegations that Wells Fargo and National General Insurance improperly charged consumers for “force-placed” auto insurance for...
Wells Fargo Now Questioning Its Sales of Additional Products
Aug 7 2017 // Wells Fargo & Co. is examining whether it caused unnecessary financial harm to customers through mortgage fees, frozen deposit accounts and “add-on” products like identity theft protection, the bank said in...
New York Regulator Subpoenas Wells Fargo Over Unwanted Auto Insurance
Aug 3 2017 // New York state’s banking and insurance regulator issued subpoenas on Tuesday to two Wells Fargo & Co units after the bank said it had sold auto insurance to hundreds of thousands of customers who did not need...
Democrats Want to Question Wells Fargo on Auto Insurance Sales
Aug 3 2017 // Democratic lawmakers pushed on Tuesday for another chance to question Wells Fargo & Co.’s leadership about sales practices after the scandal-hit bank said it forced auto insurance on borrowers who did not need...
Wells Fargo Faces Lawsuit Alleging Fraud Over Unwanted Car Insurance Sales
Aug 1 2017 // A new lawsuit accuses Wells Fargo & Co. of racketeering violations and fraud after the bank admitted to charging several hundred thousand borrowers for auto insurance they did not ask for or need, causing many...
