Wells Fargo is now under federal investigation, with several cities and states, including California, have temporarily quit doing business with the bank. How management has responded to that challenge According to the James Peltz from the LA Times, Wells Fargo had a 90 minute conference with all...
Wells Fargo has come under fire for itslimited participationin the government's small business relief program. Just days after the program launched last month, the company announced itwould no longer acceptapplications, in part because the Federal Reserve had capped how many loans it could make as...
Wells Fargo Ordered to Pay $3.7 Billion for ‘Illegal Activity,’ Including Mismanaging Accounts December 21, 2022Just the News 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...
For more information on protecting yourself from fraud and scams, visit the Wells Fargo Security Center To learn more about common elder fraud scams visit: AARP Scams and Fraud National Center on Elder Abuse Federal Bureau of Investigation, 2023 Elder Fraud Report Learn about other cyber threats ...
For more information on protecting yourself from fraud and scams, visit the Wells Fargo Security Center To learn more about common elder fraud scams visit: AARP Scams and Fraud National Center on Elder Abuse Federal Bureau of Investigation, 2023 Elder Fraud Report Learn about other cyber threats ...
California and federal regulators fined Wells Fargo a combined $185 million on Thursday, alleging the bank's employees illegally opened millions of unauthorized accounts for their customers in order to meet aggressive sales goals. The San Francisco-based bank will pay $100 million to the Consumer ...
reiterated her criticism of the bank's improper sales procedures and called on the Federal Reserve to remove Wells Fargo's board of directors. "Wells Fargo's Board and management team have taken many actions in response to retail sales practices issues, including changes in senior leadership, ...
Asked about the California investigation, a Wells Fargo spokesman said that the bank was cooperating by providing the requested information. A representative for the California attorney general’s office did not offer further details.
Federal agents are interviewing employees ofWells Fargo's wealth management division as the government expands its investigation of the bank's sales practices, according to a report Friday in The Wall Street Journal. The report said the FBI has interviewed some employees in the Phoenix area a...
SAN FRANCISCO, Feb. 21 (Xinhua) -- Major U.S. multinational bank Wells Fargo & Company said Friday it has reached a settlement with the federal government worth 3 billion U.S. dollars to resolve the bank's liabilities for a fake-accounts scandal. ...