--Have you been impacted by the Wells Fargo auto insurance scandal? Contact Matt.Egan@cnn.com CNNMoney (New York) First published July 28, 2017: 12:36 PM ET CNNMoney Sponsors SmartAsset Paid Partner These are your 3 financial advisors near you This site finds and compares 3 financial...
Wells Fargo’s improper insurance billing comes to light as the lending giant continues to dig itself out from a scandal in which it created as much as 2.1 million unauthorized customer accounts to hit sales targets. That resulted in $185 million in fines. Gap—”guaran...
Wells Fargo has said it doesn't expect to escape the Fed's unprecedented asset cap, which was imposed in February, until next year. Regulators also charged Wells Fargo a $1 billion fine for forcing customers into unneeded auto insurance and charging them unnecessary mortgage fees. Wells Farg...
Wells Fargo has also been embroiled in other consumer spats over unwanted car insurance, mortgage lending and overdraft fees. It promised to improve in the wake of the scandals. A recommendation by the US Probation Office that Tolstedt serve a three-year term of probation doesn’t reflect the...
A new probe into Wells Fargo’s sales practices reports that thousands of small businesses were impacted in the account fraud. BY HELENA BALL, EDITORIAL ASSISTANT, INC.COM @HELEMBALL OCT 5, 2016 Getty Images Thousands of small business owners were reportedly impacted by the improper sales pract...
Free Essay: Wells Fargo Scandal Wells Fargo founded in 1852 is known for being a financial services company. Wells Fargo provides banking, insurance,...
WELLS FARGO is distracted. That's the take of investment banking rivals hoping to take advantage and grab market share this year as the bank focuses on other problems away from its wholesale banking business. "When banks are distracted they necessarily take their foot off the gas," said one ...
Wells Fargo Settles Auto Insurance Scam for $385 Million June 7, 2019 Wells Fargo & Co. agreed to pay at least $385 million to customers who say they were signed up for auto insurance without their knowledge or consent when they took out a car loan. Terms of the proposed settlement, whi...
Wells Fargo has been the subject of a series of lending scandals, including: The mistreatment of its auto loans and mortgage consumers. In April 2018, theConsumer Financial Protection Bureau(CFPB) and theOffice of the Comptroller of the Currencyfined Wells Fargo $1 billion after the scandal came...
A customer leaves an ATM at a Wells Fargo branch in Denver. Rick Wilking | Reuters Since then, other disclosures have arisen. The practices also extended to enrolling customers in auto insurance that they didn't need, and the bank paid a $142 million class-action settlement. It also has ...