Sections
wells fargo
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195Bank RegulationWells Fargo Handling Of Retirement Assets Under Scrutiny
The Department of Labor is examining if Wells Fargo pushed retirement-planning customers into pricier accounts and toward buying more expensive investment funds,...
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1.3KData DiveData Dive: The Good, The Bad And The Terribly Confused Edition
“If you can’t convince them, confuse them.” The above was famously said by President Harry S. Truman on the nature of politics...
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1.9KBank RegulationWells Fargo Needs An Extension To Meet OCC Consent Order
Wells Fargo, the embattled bank, is gearing up to ask the Office of the Comptroller of the Currency for an extension to...
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2.4KMobile ApplicationsBanks Bet On Mobile Apps To Boost Mortgage Loans
With home mortgage activity starting to slow in the wake of rising mortgage rates and home prices, some of the country’s biggest...
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1.6KBank RegulationCFPB And OCC Confirm Wells Fargo’s $1B Fine
In a “coordinated action” with the Office of the Comptroller of the Currency (OCC), the Bureau of Consumer Financial Protection Bureau (CFPB)...
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1.5KSecurity & FraudWells Fargo About To Be Slapped With $1B Fine From CFPB, OCC
Wells Fargo, the embattled national bank, could be slapped with a $1 billion fine as soon as Friday (April 20), reported CNN...
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2.6KLegalWells Fargo Settles With Ecuadorian Bank Over 2015 Cyber Heist Case
Ecuador’s Banco del Austro and Wells Fargo have reached an out-of-court settlement over a 2015 cyber heist, and that suit could have...
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1.3KToday In DataPayments And Commerce Win, Lose Or Draw
A good day is often a matter of perspective: One firm’s day of triumph is another’s day that will live in infamy....
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1.6KB2B PaymentsWells, JPMorgan, Citi (Mostly) Impress In Q1 — But Corporate Activity Falls Flat
Top banking rivals JPMorgan Chase, Wells Fargo and Citigroup all posted their earnings on Friday (April 13), and overall, the institutions beat...
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2.2KBankingBanks’ First Quarter Results Show Double-Digit Gains In Digital Banking Users
Amid earnings results Friday, JPMorgan Chase, Citigroup and Wells Fargo showed traction in mobile and online banking activity, with double-digit percentage growth...
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1.6KBank RegulationWells Fargo’s Earnings May Change With Potential $1B Penalty
As regulators seek to impose a $1 billion penalty on Wells Fargo over mortgage fees and car insurance, the bank said on Friday...
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1.8KNewsWells Fargo Reviewing Aftermarket Auto Products To Get Ahead Of Any Issues
Wells Fargo is expanding the review of its auto products and the services it finances after customers purchase a vehicle at an auto...
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707Bank RegulationWells Fargo Faces Record Fines From CFPB Over Auto Lending Scandal
The Consumer Finance Protection Bureau is seeking to impose fines – for a record amount – on Wells Fargo tied to the...
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2.0KB2B PaymentsWells Fargo Planning Corporate Banking Shakeup
Wells Fargo is looking at its corporate banking operations to consolidate and reduce costs, according to reports from The Wall Street Journal and...
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3.8KB2B PaymentsWells Fargo Divests Payroll Assets
Wells Fargo reached an agreement to sell assets of its Business Payroll Services unit to Asure Software, the companies said in a...
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880PersonnelRed Flags Raised Over Potential NY Fed Appointment
John C. Williams, the president of the Federal Reserve Bank of San Francisco, is reportedly being tapped to replace the retiring president...
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1.8KLegalWells Fargo Predatory Lending Lawsuit Allowed to Proceed
A federal judge has ruled that a lawsuit against Wells Fargo & Co. can proceed. The lawsuit accuses the third-largest U.S. bank...
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4.2KBank RegulationWells Fargo Overhauling Risk Management Processes
Wells Fargo, weeks after it was hit with a rare enforcement action from the Federal Reserve, is overhauling its risk management processes...
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1.2KBankingThree Largest US Banks Add More Than $2.4T In Deposits
Big banks are still doing big business: A Wall Street Journal analysis of regulatory data found that the three largest U.S. banks...
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4.0KDigital BankingHow Wells Fargo Works To Meet Customers’ Changing (Digital) Expectations
Seven out of every 10 Americans use banking apps at least once per week, but nearly as many say they are frustrated...
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4.2KDigital BankingNEW REPORT: Wells Fargo On Leveling Up Its Digital Banking Game
Online and mobile banking interfaces have become must-have features for financial institutions in the digital age. Fifty-five percent of Americans have a...
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4.6KSecurity & FraudWells Fargo Probe Expands Into Wealth Management Unit
U.S. regulators’ investigations into Wells Fargo’s sales practices has expanded into the financial institution’s wealth management operations, according to news from The Wall...
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2.1KRegulationWells Fargo To Face New Sanctions Over Auto Insurance Scandal
Wells Fargo is expected to be slapped with sanctions over auto insurance policy commissions after making thousands of people take on auto...
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2.7KRegulationSenator Durbin Wants Wells Fargo To Stop Expanding Program With Colleges
Wells Fargo is facing calls from lawmakers to press pause on creating more partnerships with colleges. According to news from The Wall Street Journal,...
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2.0KSecurity & FraudWells Probes Wealth Management Sales Practices
The controversy surrounding Wells Fargo continues. The beleaguered banking giant is looking inward once again, evaluating its wealth and investment management business...
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2.9KData DiveData Dive: The Good, The Bad And The Ugly Edition: Discover, JPMC And Toys R Us
Last week had plot twists in the payments and commerce ecosystem. We found out Google was hitting reset on its mobile payments ambitions. We learned,...
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5.4KSecurity & FraudWarren Slams Wells Fargo Over Error-Riddled Refunds
Wells Fargo is facing new scrutiny, this time over its failed attempts — riddled with errors — to repay its customers. According to The Wall...
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6.1KBitcoinBerkshire’s Munger Calls Bitcoin ‘Noxious Poison’
Add Charlie Munger, the longtime business partner of Warren Buffett, to the growing list of people who aren’t fans of bitcoin. According...
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2.5KRegulationWells Fargo CEO Downplays Regulation Woes To Investors
Wells Fargo & Co.’s Chief Executive Tim Sloan said at an investor conference Tuesday (Feb. 13) that the asset cap imposed on...
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5.0KMobile ApplicationsWells Fargo Uses AI To Improve Mobile App
Wells Fargo & Company announced that it has added Artificial Intelligence (AI) enhancements to its mobile banking app, which will give users...
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3.0KSecurity & FraudWells Fargo Flubs Customer Refunds
Wells Fargo is having a tough time making it right for the thousands of customers it harmed, reportedly sending out communications with...
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2.5KBank RegulationWells Shares Nosedive As Profit Forecasts Fall
Shares of Wells Fargo skidded Monday (Feb. 5) in the wake of news that the Federal Reserve is taking action against the...
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3.0KRegulationWells Fargo Hobbled By The Fed, $400M In Profits At Risk
Wells Fargo is replacing four members of its board and will be prevented from growing beyond a certain asset level under a...
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3.8KDebtBig Four U.S. Banks Hit With $12.5B In Credit Card Losses
When it comes to credit card debt, American consumers aren’t the only ones who are suffering. New results show that the big...
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3.0KBankingWells Fargo Fixes Glitch That Duplicated Online Payments
Wells Fargo has fixed a glitch that caused online bill payments to be processed twice, infuriating customers who had their accounts inadvertently...
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2.5KLegal
Wells Fargo’s Bid To Dismiss Predatory Lending Suit Rejected
Wells Fargo’s effort to toss out a lawsuit lodged by the city of Philadelphia failed, with the judge paving the way for...
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3.0KEarningsChase Beats, Wells Fargo Doesn’t Meet (Earnings)
The kickoff to earnings season usually has two firms reporting on the same day — JPMorgan and Wells Fargo — and the stories diverge...
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3.1KPayment MethodsWells Fargo Customers Can Now Pay With Fitbit Pay
Wells Fargo announced Thursday (Jan. 11) that it has inked a partnership with wearables manufacturer Fitbit through which its customers can make...
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5.1KCashATM Punished With Punches For Giving Out Too Much Cash
A Florida man caused roughly $5,000 in damages to an ATM at a Wells Fargo bank branch in Cocoa, Florida after it...
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2.9KPersonnelWells Fargo Taps Mary Mack To Fix Consumer Lending Business
Wells Fargo has announced that Mary Mack will lead its consumer lending unit. According to The Wall Street Journal, this new role...
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3.9KBank RegulationFed’s Quarles To Recuse Himself From Anything Wells Fargo
The Federal Reserve’s vice chair who is in charge of policing Wall Street, Randal Quarles, said late last week he is recusing...
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2.5KLegalNavajo Nation Says Wells Fargo Opened Unauthorized Accounts
Wells Fargo is facing more legal woes, with the Navajo Nation filing a federal lawsuit this week against the bank, claiming it...
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2.8KBank RegulationWells Fargo Fines Will Stand And May Grow, Says Trump
In the latest bit of bank regulation news surrounding beleaguered Wells Fargo, the tweets come from the top — from the top...
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2.9KRegulationMulvaney Puts Wells Fargo’s Fines On Ice – For Now
The Consumer Financial Protection Bureau’s new interim head, Mick Mulvaney, is looking at Wells Fargo’s case to see if it should be...
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2.4KRegulationCalifornia Looks To Revoke Wells Fargo Insurance License
The state of California’s insurance regulator is aiming to suspend or revoke the insurance licenses from Wells Fargo due to illicit sales...
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2.7KEarnings
Wells CEO Sees “Reasonable Customer Momentum” Building
Might Wells Fargo be turning a corner with a bit of tailwind from tax reform? CNBC reported that the company’s CEO, Tim...
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3.4KSizzle/FizzleUber’s Rough Ride And Amazon’s Holiday Stride
Breaches, scandals galore, and not a few losses on the bottom line -- call it a year Uber wants in the rearview...
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4.1KBank Regulation
Wells Fargo Could Face Enforcement Action for Charging Excess Fees
The Office of the Comptroller of the Currency (OCC) warned Wells Fargo in a scathing letter that it is mulling lodging formal...
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3.1KDebtWells CFO Not Losing Sleep Over Rising Consumer Debt
Wells Fargo Chief Financial Officer John Shrewsberry said at an industry conference on Wednesday (Nov. 15) that he isn’t concerned consumers are...
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6.2KBankingWells Fargo Softens Overdraft Policy
Aiming to boost its reputation after a fake account scandal last year, Wells Fargo announced Tuesday (Nov. 14) the launch of a...
