Embattled Wells Fargo announced Friday (Dec. 16) retail banking customer activity data for November showed total branch interactions were down 5 percent when compared to October and down 3 percent year over year. Get the Full Story Complete the form to unlock this article and...
The Consumer Financial Protection Bureau said Wednesday (Dec. 14) that fees and risk can be hallmarks of college-sponsored financial products. In a new report analyzing 500 marketing pacts that exist between schools and banks, the bureau stated that it “found that many deals allow for...
Rep. Elijah E. Cummings (D-MD), Ranking Member of the House Committee on Oversight and Government Reform, and Sen. Elizabeth Warren (D-MA) sent a letter to the chief executive of Prudential Financial requesting a briefing and documents having to do with press reports that Wells Fargo...
The U.S. may have the strongest economy in the world, but resent studies suggest that the country’s consumers are desperate for healing when it comes to their financial health. But where should they go for help? PYMNTS hosted a digital discussion with industry experts to...
And the hits keep on coming for Wells Fargo. California has joined in the lawsuit bandwagon, ordering an investigation into claims retail bankers at Wells Fargo signed customers up for life insurance polices without their consent. Get the Full Story Complete the form to unlock...
The lawsuits against Wells Fargo due to the fake account scandal have widened to include more higher-ups in the bank. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
This year hasn’t been the best for banking and financial services company Wells Fargo. Earlier this year, news broke that federal prosecutors were investigating the as many as 2 million sham customer accounts Wells Fargo admitted holding, which led to a $185 million fine levied...
Canadian banks are increasingly turning to the U.S. market, issuing $6.8 billion asset-backed securities during 2016 alone, based on data compiled by Bloomberg. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Wells Fargo still expects to spend millions of dollars due to various investigations and regulatory inquiries about the company’s fake account scandal. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
