Federal regulators on Tuesday ordered Wells Fargo Bank to pay a $1.7 billion civil penalty and more than $2 billion in compensation to customers for what they say was “illegal activity affecting over 16 million consumer accounts.” The Consumer Financial Protection Bureau said Wells Fargo “repea...
Wells Fargo's lawyers stated in the letter that the bank is open to arranging with Williams' counsel "to release funds directly to the creditors to pay outstanding amounts that have been historically and regularly paid from the accounts in question, such as employee salaries, utilities and...
Wells Fargo Bank is a direct descendant of the Wells Fargo stagecoach and freight-forwarding firm created in 1852 to serve the prospectors and suppliers of the California gold rush. Under its iron-willed current chairman, Carl E. Reichardt, Wells Fargo has become a highly profitable bank with ...
charging him $598. Hancock “repeatedly contacted Wells Fargo to inform them that he had the required insurance through an auto insurance policy from Allstate,’’ according to the complaint.