Wells Fargo has reached an agreement to pay $185 million to resolve a proposed class action lawsuit that accused the bank of placing customers' mortgages into forbearance without their consent during the initial phase of the COVID-19 pandemic. The court granted preliminary approval for the Wells...
WFC WELLS FARGO & CO. 77.20 -0.17 -0.22% WELLS FARGO TERMINATES EMPLOYEES OVER POTENTIAL COVID-19 RELIEF FRAUD The company noted the 5% decline in revenue was due in part to an 8% decline in its Consumer and Small Business Banking unit, as well as a 7% decline in its Credit Card un...
Small businesses, especially minority-owned establishments, have been disproportionately affected by COVID-19. While the pandemic continues to impact all of our lives, it’s also critical that business and life move forward so businesses and communities can survive. This i...
Wells Fargo is bowing out of a new federal program aimed at helping small businesses retain workers and pay bills during the coronavirus pandemic. The bank announced late Sunday that it would no longer accept new loan applications under the government's Paycheck Protection Program, which launched ...
Tag:Wells Fargo Biden Wants Companies to Disclose Climate Risks, Pilot Program Unreliable May 20, 2024Admin Six major American financial institutions struggled to accurately assess the extent of their exposure to climate change and related risks, according to the Federal Reserve. ...
The Fed changed the terms of its “Main Street” Lending Program on April 30 in ways that make clear that it’s not at all about rescuing small businesses on Main Street that have been shuttered as a result of mandated government action during the CO...
Who stands to benefit the most from Biden’s COVID relief bill? Unlike the first two payments, which were limited to children under 17, this round of checks will also go to all qualifying dependents, including college students, adults with disabilities, parents and grandparents. ...
The bank claimed a financial regulatory rule authorizes it "to place a temporary hold on disbursement of funds or securities where such activity is suspected." The bank also claimed "that is precisely what Wells Fargo has done here, pending a determination in the Guardianship Part concerning...
Who stands to benefit the most from Biden’s COVID relief bill? Unlike the first two payments, which were limited to children under 17, this round of checks will also go to all qualifying dependents, including college students, adults with disabilities, parents and grandparents. ...
Bringing Financial Relief to a Global Crisis The fallout of the COVID-19 pandemic is being felt around the world. Wells Fargo is working hard to support its customers, employees, and communities... Read More Chart of the Week Weekly chart using economic data to address timely market topics ...