Wells Fargo said it refunded the premium and interest for the duplicate coverage when customers flagged the bank on it. These customers will now get some additional money for “certain fees and some additional interest.” The total refund will be about $25 million. Borrowe...
"Wells Fargo isn't the only one. This is an industry-wide problem," one former banker at a regional lender told CNNMoney. The OCC said it completed its review in late 2017 and letters to participating banks were sent earlier this year. The agency supervises all national banks, including...
Wells Fargo said in a statement that it's committed to "ensuring all service member customers have the protections and benefits available to them." The bank said it's in the process of notifying and refunding impacted customers. Dennis Singleton found out that Wells Fargo had repossessed his ...
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"Wells Fargo isn't the only one. This is an industry-wide problem," one former banker at a regional lender told CNNMoney. The OCC said it completed its review in late 2017 and letters to participating banks were sent earlier this year. The agency supervises all national banks, including ...
seems to be plagued by yet another series of its seemingly constant scandals with its retail customers, as this week wells fargo announced it would be refunding a substantial portion of the $98 million in mortgage interest-rate lock extension fees assessed on 110,000 retail...