Judge Says Wells Fargo Must Face Shareholder Fraud Claims October 1, 2021 By Jonathan Stempel A federal judge on Thursday rejected Wells Fargo & Co’.s bid to dismiss a lawsuit claiming it defrauded shareholders about...
Wells Fargo Fined $250M for ‘Unacceptable’ Failure to Honor 2018 Consent Order September 13, 2021 By Pete Schroeder A top U.S. banking regulator fined Wells Fargo $250 million and placed new restrictions on the bank’s business after finding...
Wells Fargo CEO Grilled at Congressional Hearing Probing Customer Abuse Scandal March 12, 2019 By Imani Moise and Pete Schroeder Democratic and Republican lawmakers on Tuesday pressed Wells Fargo & Co Chief Executive Tim Sloan for proof the bank has...
Fed Chair Says Wells Fargo Must Address Risk Management Before Any Growth December 11, 2018 By Patrick Rucker and Imani Moise Wells Fargo & Co. must keep a lid on its growth until the bank has hardened its risk management policies...
Regulators Reject Wells Fargo’s Plan to Repay Insurance Customers: Reuters September 12, 2018 By Patrick Rucker U.S. regulators have rejected Wells Fargo & Co.’s plan to repay customers who were pushed into unnecessary auto insurance, telling...
Wells Fargo Agrees to Pay $2.09B to Settle U.S. Probe into Mortgage Sales Abuses August 3, 2018 By Hannah Levitt and Kartikay Mehrotra Ten years after faulty mortgages upended the global financial system, Wells Fargo & Co. agreed to pay $2.09 billion to...
Wells Fargo Begins Refunds of Add-On Product Fees July 20, 2018 By Hannah Levitt Wells Fargo & Co. is issuing refunds for monthly fees it charged on so-called add-on products that customers may not...
Wells Fargo Facing Possible Record Fine for Insurance, Mortgage Sales Abuses April 10, 2018 By Patrick Rucker The top U.S. watchdog for consumer finance is seeking a record fine against Wells Fargo & Co that could exceed...
California Continues to Move Toward Letting Customers Sue Banks June 28, 2017 By Lisa Lambert California has taken another step on toward allowing state residents to sue financial institutions for fraud, rather than letting banks...
Wells Fargo Overhauls Pay Plan for Branch Employees Following Scandal January 11, 2017 By Ken Sweet San Francisco, Calif.-based Wells Fargo is completely restructuring how it pays tellers and other bank branch employees after a scandal...