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Wells Fargo fines add up to $1.7 billion, along with $2 billion in consumer redress for "illegal conduct" across several business lines. The CFPB has ordered the bank to pay up.
Wells Fargo fines add up to $1.7 billion, along with $2 billion in consumer redress for "illegal conduct" across several business lines. The CFPB has ordered the bank to pay up.
As a reminder, we have outstanding litigation, regulatory, and customer remediation matters that could impact operating losses during the remainder of the year. In summary, we had solid results in the third quarter, which demonstrated the progress we are making to transform Wells Fargo and improve...
Wells Fargo entities in China covered by this Notice Entity Name Address Wells Fargo Bank, National Association Units F722-F723, 7/F, 7 Jinrong Street, Winland International Finance Beijing Branch Center, Xicheng District, Beijing, People's Republic of China Wells Fargo Bank, National Association...
"As we have said before, we and our regulators have identified a series of unacceptable practices that we have been working systematically to change and provide customer remediation where warranted," CEO Charlie Scharf said in a statement Tuesday. Wells Fargo said its settlement with the CFPB wi...
World-changing ideas that unearth solutions and ignite progress can come from anywhere. With that spirit in mind at TED@WellsFargo, thirteen speakers showcased how human empathy and problem-solving can combine with technology to transform lives (and bank
“Wells Fargo has clearly demonstrated an unwillingness and inability to stop harming its customers, so this Committee is working overtime to make sure consumers are never subjected to the types of abuses and failures committed by this megabank again,” said Rep.Maxine Waters(D-Calif.), chai...
Made significant progress in reducing the total number of customer remediations we have to complete and in accelerating remediation payments to our customers In addition, Wells Fargo has achieved several important regulatory milestones over the past two years, which are indicativ...
contributions. Our full-year 2023 noninterest expense, excluding operating losses, is still expected to be approximately $2.2 billion, unchanged from the guidance we provided last quarter. As a reminder, we have outstanding litigation, regulatory and customer remediation matters that could impact ...